A social housing lawyer has warned councils that moving high-value homes into local authority-owned vehicles to protect against Right to Buy sales is unlikely to work. Scott Dorling, partner at law firm Trowers & Hamlins, said: ‘People have been talking about setting up vehicles outside the local authority’s control to shelter high-value voids… but it goes back to the issue of why a local authority would be doing that. The only reason would appear to be to avoid a well-known government policy.’ He added that if councils were trying to protect high-value voids from disposal, those properties cannot be effectively transferred into a company wholly owned by the local authority, as local housing revenue account rules limit disposals to just five dwellings in a year. Read more on Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
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