Fitch: New Right-to-Buy Could Add to Housing Provider Challenges

April 16, 2015 12:01 PM

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(The following statement was released by the rating agency) LONDON, April 16 (Fitch) The UK Conservative Party's announcement that it would offer 1.3 million tenants of registered housing providers (RPs) the right to buy their home at the same discounts as those available for council tenants could add to pressure on RPs' financial flexibility, Fitch Ratings says.

Right-to-buy (RTB) schemes since the 1980s have allowed qualifying local-authority tenants the right to purchase their home at a discount to the market value, provided they satisfy specific criteria. In some cases, these schemes also exist for RP tenants in the form of the 'right to acquire' (RTA) p...

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