RIGHT TO BUY EXTENSION: LATEST NEWS

Future Housing Review has written an open letter to Gavin Barwell MP, urging a public consultation before roll-out of VRTB.

CLICK HERE TO SEE THE OPEN LETTER

CLICK HERE TO SEND EMAIL TO THE MINISTER

CLICK HERE TO SEND EMAIL TO YOUR MP

On 10 December 2018 Future Housing Review sent open letters to Kate Henderson, Chief Executive, National Housing Federation and to Gavin Smart, Deputy Chief Executive Chartered Institute of Housing.

You can download the letters here:

Graduated Ownership: Basics

basics
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KEY
OMV Open Market Value
RV Residual Value
RRP Restricted Resale Period
A Owner’s Percentage
B Increment
C Owner’s Value
CALCULATING OWNER’S VALUE
C = (OMV x A) + B
CALCULATING RESIDUAL VALUE
RV = OMV – C



B: Increment

The Increment is a percentage (up to 0.7% pa) applied to the Owner’s Percentage to determine the Owner’s Value. The Increment is a lump sum calculated in the future , when the house or flat is sold, or where the Owner upgrades or buys out of the scheme. Details of the Increment for each scheme are shown on the examples page.

No Increment is applied where average house price inflation is less than 1% per annum for the relevant period.