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Right To Buy

Friday, October 21, 2016

 

The National Housing Federation (NHF) put an offer to Government in September 2015 in which it proposed the implementation of an extended Right To Buy (RTB) on a voluntary basis.

During the Conservative Party Conference on 7 October 2015, the Prime Minister announced that an agreement had been reached on the NHF’s offer, and that the first housing association tenants would be able to buy their homes in 2016.

It was subsequently suggested that the extended RTB might be phased in. During the Autumn Statement and Comprehensive Spending Review 2015 the Chancellor announced that the extended RTB would be piloted by five housing associations. These pilots are now underway; they will run to January 2017.

the five Housing Associations are; 

  • L&Q 
  • Sovereign 
  • Riverside 
  • Saffron Housing 
  • Thames Valley 

It has been announced by the Housing Minister that the extended Right to Buy will not take place at least until April 2018. Tenants interested in being kept up to date on progress in developing the extended RTB can sign up here.