Posted 01.02.16
Some housing association tenants will be able to take the first step to owning their own home under the Government's plans to extend the Right to Buy.
They will be the first in the country to be able apply to the new Voluntary Right to Buy scheme as part of a pilot that is being run by five housing associations ahead of the national rollout later this year.
If the Housing & Planning Bill gets royal assent, successful tenants will be the first in the country to purchase their homes through the new voluntary Right to Buy pilot.
It follows a voluntary agreement between the Government and the National Housing Federation to extend the Right to Buy to 1.3 million housing association tenants. Under the agreement, every home sold should be replaced nationally with a new affordable home.
The existing Right to Buy gives social housing tenants the opportunity to buy their home with a discount of £103,900 in London and £77,900 elsewhere.
The pilot will help inform the design and implementation of the main scheme before it is rolled out across the country, subject to the passage of the Housing and Planning Bill.
The pilots are being delivered by the following housing associations in the areas shown:
The Government is committed to getting 1 million more people into homeownership by 2020.
