The following Local Government guidance note Produced in partnership with Alan Aisbett of Bryan Cave Leighton Paisner LLP provides comprehensive and up to date legal information covering:
Large scale voluntary transfer (LSVT) is a term used to describe the transfer of the whole or a substantial part of a local housing authority (LHA)’s housing stock to a usually new private registered provider of social housing (RP), who is registered and regulated by the Regulator of Social Housing (RSH). See Practice Note: Regulation of Social Housing.
An LSVT is the transfer of 500 or more tenanted and leasehold properties. An LSVT can include all the stock owned by a LHA or a part of it. The latter is known as a partial stock transfer.
A Small Scale Voluntary Transfer (SSVT) is the transfer of 499 or fewer tenanted and leasehold properties over five years or less. An LHA wishing to carry out an SSVT will be required to follow a similar process to that described for an LSVT. However there is scope to reduce the application requirements for an LSVT.
The transfer cannot go ahead unless a majority of secure and introductory tenants of the homes in question vote in favour in a ballot organised by the local authority and the consent of the Secretary of State is granted under sections 32–34 of the Housing Act 1985 (HA 1985) and/or HA 1985, s 43. For further reading on secure and
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