What is Voluntary Right to Buy (vRTB) and am I eligible?
1. What is Voluntary Right to Buy (vRTB)?
In December 2015 the government launched a pilot which extends Right to Buy to housing association tenants, which is known as the Voluntary Right to Buy (vRTB). Five housing associations were chosen to take part in this pilot across a national basis. Aspire Housing was not one of those chosen.
The Government has now confirmed there will be a regional pilot of Voluntary Right to Buy within the Midlands which will give thousands more housing association tenants the opportunity to enjoy the benefits of home ownership.
It will allow the Government to test key features of the scheme, including the portable discount offer to tenants and one-for-one replacement aspect. This will provide important evidence to inform the design of the main scheme.
The pilot is open for interest from tenants via the Governments Gateway (https://midlands.righttobuy.gov.uk/) from 16th August 2018 until 16th September 2018.
So, what is Voluntary Right to Buy, and how could it affect you? On our Voluntary Right to Buy webpage you'll find answers to the most commonly asked questions.
To see our Voluntary Right to Buy Policy click here.
- Tenancy Services