Deciding what gets Vers-ed

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The Voluntary Early Redevelopment Scheme (Vers) gives home owners a shot at recouping some monetary value before the 99-year lease on their flats expires at zero value. But it is by no means a certainty that everyone will have the option.

Where their flats are located, how old the estate is, and the condition of the individual building are some of the likely factors to be considered as to whether the Government picks a precinct for the scheme.

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A version of this article appeared in the print edition of The Sunday Times on August 26, 2018, with the headline Deciding what gets Vers-ed. Subscribe