Right To Buy funds used to buy homes to let out

Right To Buy funds used to buy homes to let out


Todays other news
The Government has been criticised for ignoring warnings about the...
There is less than a year to go until sole...
There are no rental obligations for landlords linked to Government...
Landlords have been given a new borrowing option after Coventry...
The Mortgage Works (TMW) has altered its limited company lending...

Milton Keynes council is expected to purchase 21 new flats to let out to families deemed to be in need.

The flats are currently under construction and expected to be available to families awaiting council homes from January. A council decision to approve the purchase of the 18 two-bedroom flats and three one-bedroom properties is due to take place next week.

The purchase is being funded by money the council has obtained through properties sold via Right to Buy and developer contributions towards affordable housing.

A council spokesperson says: “We’re really pleased that we’re able to buy these high-quality flats, which will provide a safe and secure home for families in need. We’re always looking at ways we can increase our housing offer whether that’s building homes ourselves or buying them on the market.

“That said, we’ve seen a huge rise in demand and we’re doing our best to house the people most in need. We’ll continue our efforts to prevent homelessness in the first place and support people find a home that’s right for them.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Rogue landlords could be fined up to £30,000 for various...
The event is to be held in Devon...
Biodiversity rules threaten the government house building targets...
The most vulnerable tenants may pay the highest price...
The service has expanded across the UK...
A tax rise coming in just five weeks’ time will...
Recommended for you
Latest Features
landlord numbers have fallen almost 1,000 between August 2024 and...
The fallout from the tariff drama could come together in...
Here’s how to reduce heating costs without compromising on comfort...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here