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TODAY'S OTHER NEWS

Corbyn would introduce right-to-buy in private sector

Labour leadership hopeful Jeremy Corbyn would introduce right-to-buy for private tenants if he came to power.

Corbyn has a published his proposed housing policy which puts forward a radical rebooting of home construction, permitting councils to be house builders and providers in order to meet the demand for affordable housing in their own areas

"Under my ‘Vision for Britain 2020’ Labour will promote major council-funded, desirable energy efficient building projects to provide our young people with a good start in life, to stop paying exorbitant rents and the opportunity of a home they can at least call their own," said Corbyn.

"It has become clear that when housing provision is left purely to market forces most of our young people simply cannot afford to get a foot on the rung of the market's so called housing ladder. It also makes economic sense, as today's housing document outlines.

“Housing has reached crisis point: families are shunted from council house to B&B to hostel, hundreds of miles away from support networks and denied stability or security; council homes are emptied, regenerated and sold at prices well out of the reach of normal people, causing the social cleansing of our cities."

In a section on Right-To-Buy, the document says:

“We should also look at how to help private renters, since they are often paying much higher rents with less security and a less responsive landlord than housing association tenants.

“We could re-direct some of the £14 billion of tax reliefs received by private landlords to help struggling private tenants; this would of course include building new council homes and helping private tenants to overcome the deposit problem.

“We could also investigate whether some of this money could be used to fund a form of right-to-buy shared equity scheme to private tenants in cases when they are renting from large-scale landlords.”

Other points highlighted in the document include:

  • Scrapping of the bedroom tax and the benefit cap.
  • Lower regulated rents and better housing conditions in the private sector.
  • Private rents linked to local average earnings levels.
  • Tenants should have the right to longer tenancies.
  • Licensing and regulation of private landlords to ensure decent housing conditions.
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    What an idot..... Surely its not just me that cant stop laughing?

    Labour have a long long way to go; with the other joker in the pack (Andy Burnham) insisting that we are all rich landlords. If at the next election we got a labour government, then a red government would be a disaster for property investors and the country as a whole. Mix that with the basket case above looking to remove the bedroom tax, why? and benefit cap, why? you can only shake your head and wipe away the tears.

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    What an insult. Private landlords are "often" less responsive than housing associations? Really? I waited 18 months for Homes for Haringey (housing association managing on behalf of the freeholder, the council) to fix the flat roof above one of my rental properties. Meanwhile, to keep my tenant calm, I had to spend a fortune on dehumidifiers, mold clearance, stain block and (because they told me the work had been completed when it actually hadn't at all) 2 invoices for full redecoration (insurance paid for one thankfully). This property has been such a nuisance that I would never buy ex local authority ever again because they are repaired and managed by absolutely useless housing associations. These Labour politicians are so out of touch it's frightening.

  • Rob  Davies

    No, most of us are too busy laughing at the "poor little me" landlords like you. Corbyn is the only credible candidate in the Labour leadership election. If you can't see that, then that says more about you than us. Whether you agree with him or not, he has sound principles that he sticks to. He doesn't just change his mind depending on how the wind (and public opinion) blows. He will offer some actual opposition rather than what we have now. That's what you need in a functioning democracy - strong opposition!

    The bedroom tax, seriously? Most rational people I know see that regressive tax for what it is. Oh, and that old chestnut, let's blame everything on benefit claimants. It's all their fault, all the time.

    Maybe the idea that you can make tonnes of money from investing in property should be looked. Yeah, I know, free market and free will, blah, blah, blah, but the very idea that you can make thousands of pounds through market conditions is ludicrous - what have you done to earn that money? Diddly squat. It's pure luck.

  • Rob  Davies

    @Kate Nairn - quite the opposite, Kate. Corbyn is very in touch with what people think. Believe it or not, there is a world outside your property investing bubble. And, believe it or not, buy-to-letters aren't all that popular. Wonder why that is?

    If RTB is to be introduced for social housing, why not the PRS too? Fair's fair.

  • Jon  Tarrey

    In your case, maybe. But what you've given us is an anecdote, not empirical evidence.

    "absolutely useless housing associations"

    How do you know this? Have you dealt with every single one of them? From what I've heard, most of them do a pretty fine job.

    That's the problem with anecdotal evidence, you see. You say housing associations are absolutely useless, another person says all private landlords are useless, and we never get any closer to the truth.

    I'm liking the Corbyn bandwagon. As an old geezer myself (relatively speaking), the way he's shaking up and scaring the establishment is quite refreshing. I don't agree with everything he says, but I do agree with a lot.

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