Our current campaigns: Get involved

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

Housing White Paper says that Right to Buy will apply to homes built by Council-owned companies.
How helpful is that?

Why do the politicians refuse a formal consultation on the Right to Buy extension?

Why is there no news on the never-ending pilots?

Please tell us what you think. @FH_Review   #VRTB

Graduated Ownership : Seven steps to a GO purchase

STEP ONE: Provider determines OMV of house or flat with independent valuation

STEP TWO: Owner satisfies eligibility criteria laid down by Provider

STEP THREE: Provider and Owner agree Owner’s Percentage (between 30% and 75% as shown on chart) on the basis of affordability criteria for the purchase of the house or flat. This determines the length of the Restricted Resale Period. See chart, column RRP.

STEP FOUR: Owner self-funds minimum 5% deposit

STEP FIVE: Owner obtains mortgage offer for the remainder of Owner’s Percentage from first mortgagee

STEP SIX: Owner agrees to give a second mortgage to Provider to secure Residual Value. Note: authorisation from FCA will be required as from March 2016 unless Provider is exempt.

STEP SEVEN: Owner pays Owner’s Percentage to Provider and completes purchase of house or flat in the normal way.