Leader of the right to buy team.
I lead the Right to Buy (RTB) team, and regularly provide technical advice and training on all forms of the scheme. The work I do is alongside a wide range of clients, and includes portfolio property acquisitions/disposals, residential development, property financing, landlord and tenant issues, as well as stock transfers.
I was part of the team advising the five Voluntary RTB pilot home associations, and coordinated the delivery of 280 of these sales. I’ve project managed several large stock acquisition projects for national registered providers to, as well as large scale residential development projects.
The maximum discount available to tenants exercising their right to buy or preserved right to buy (in England only) is increasing.
The briefing paper (Introducing a voluntary Right to Buy for housing association tenants in England) sets out the story so far, summarises the findings of the first VRTB Pilot research (see our briefing here) and confirms the latest position.
On 21 July 2014, the maximum discount amount for properties bought under the right to buy and preserved right to buy increased.
The report sets out the findings of the detailed research undertaken to better assess key aspects of the VRTB, such as profiling of tenants and stock, and the level of demand.
Policies The area associations need to focus on now is developing their policies (on discretion and sales). In its guidance the NHF has provided a list of policy areas to consider and issues to take into account when drafting policies.
What does it mean? The Secretary of State (“SoS”), under regulations following the HPA16, has the power to make ‘grants’ to housing associations in respect of right-to-buy discounts.
As there has been no increase in CPI for the relevant period, the maximum discount will stay the same for the next year. The maximum discount therefore continues to be £77,900 outside of London and £103,900 within London.
Given our in-depth sector knowledge and 35 years of experience in advising on the right to buy, ACS has taken the opportunity to make written submissions to the Committee.
HA boards need to get to grips quickly with the proposals and make a decision which could greatly impact upon the relationship between the Government and the housing sector in the future.
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