Midlands Voluntary Right To Buy Pilot Extended

The Ministry of Housing, Communities and Local Government (MHCLG) confirmed that the Midlands Voluntary Right to Buy (VRTB) pilot will now finish at an undecided date later this year. Sales through the scheme were previously expected to complete on or around 31 March. MHCLG would not disclose the reason for the move. Figures show that as of 18 March, 1,526 sales had been completed through the pilot and £99.4m had been spent on funding discounts. That is only half the £200m set aside for the VRTB pilot by ministers, who had expected around 3,000 homes to be sold. Read more on Inside Housing.

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