Voluntary Right to Buy

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Voluntary Right to Buy: the shot in the arm social housing needed?

Louise Drew, head of real estate at law firm Shakespeare Martineau, gives her insight into Voluntary Right to Buy…

The Voluntary Right to Buy (VRtB) pilot has now launched across the Midlands, giving social housing tenants the opportunity to purchase their homes at a discounted price, while enabling registered providers (RPs) to renew their stock. The scheme is widely seen as a positive step, providing welcome rejuvenation for the social housing sector, which has been suffering from a dramatic lack of supply. However, there will likely be a learning curve for RPs, so how should they prepare themselves in order to make the most out of the scheme?

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