Right To Buy restrictions proposed by Angela Rayner 

Right To Buy restrictions proposed by Angela Rayner 


Todays other news
The Renters’ Rights Bill finally became law in October with...
There's another interest rate decision in mid-December...
The new law would allow licensing to be extended to...
The study has been commissioned by a developer called Pocket...
Red tape and tax are the issues confronting landlords time...

It’s going to be harder for social housing tenants to purchase their homes through the Right To Buy policy.

Under proposals put forward by Housing Secretary Angela Rayner, tenants may have to wait more than 10 years to buy and those living in new-build social homes may never be able to purchase.

The government also wants to cut Right to Buy discounts to pre-2012 levels and discourage social tenants from selling homes they have bought.

“Too many social homes have been sold off before they can be replaced, which has directly contributed to the worst housing crisis in living memory. We cannot fix the crisis without addressing this issue – it’s like trying to fill a bath when the plug’s not in” says Rayner.

Currently, tenants can buy housing over three years old, but it has proposed increasing the length of time newly built social housing is protected from being bought to up to 30 years.

It also wants to reduce the maximum discounts for tenants using Right to Buy to between £16,000 and £38,000 depending on the council.

Under the current rules, tenants have to repay this discount to the council if they then sell the property on within five years of buying. The government wants to extend this to 10 years.

Since Right to Buy policy was introduced in 1980, almost every year has seen a net loss in social housing stock as governments have failed to build homes to replace those purchased.

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.
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
A communications company, Esendex, analysed online Trustpilot review data...
The tenant sub-let his social housing property for £575 per...
Informed reports in the housing and mainstream media suggest that...
Campaigning charity Shelter says the loss of a private tenancy...
Landlord repossessions have increased by 6.8% across England and Wales...
Social housing sub-letting lies at the heart of the problem...
Recommended for you
Latest Features
From tax tweaks to rising yields, landlords are adapting in...
There are also some legal tips for landlords to best...
When the Renters’ Rights Act finally cleared Parliament, you could...
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.