The reality of the current situation and the proposed 'new' RTB is stated by Wirral Partnership Homes (WHP) as follows: -
"Deputy chief executive of WPH Patrick McCarthy said the association sold 14 homes via RTB last year, exercised by tenants who had their 'Right to Buy' preserved following the stock transfer.
He said it generated £500,000 as a net receipt.
"It costs us around £100,000 to build a normal sized semi-detached house, so basically we've got rid of 14 homes and we'd be able to put back five. So we're already on a ratio of one replacement for every three (1:3) we get rid of.
"If the discount is higher, the net receipt will be lower so 1:3 becomes 1:4 or 1:5 even. I don't see how this stacks up."
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