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.