Tory manifesto to extend right to buy
April 14, 2015
The Conservative manifesto that is being lauched today will be including an extension to the right to buy, they will be announcing that they will be extending the near 35 year old right to buy your council home that was initially introduced by Margaret Thatcher in the early 80’s to include the 1.3 million housing association tenants.
David Cameron is hoping to regain the initiative back from David Miliband by proclaiming the Conservatives as “the party of working people” In recent days the polls are showing Labour as ahead in the polls over the Conservatives.
The policy was immediately denounced by housing associations, which claimed the move would deter them from building new homes, such plans may encounter some stiff opposition as the Conservatives would be proposing to sell homes they do not own.
You May Also Enjoy
Halifax House Price Index for August
UK house prices edge up to hit two-year high House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
Read More Nationwide House Price Index for August
Annual house price growth edged higher in August UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home Headlines Aug-24…
Read More Rightmove Points to Worsening Crisis in Private Rented Sector
Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
Read More Record levels of former rental homes for sale
The proportion of former rental properties moving into the sales market is at its highest on record, indicating more landlords are selling up, some potentially driven by the mooted increase in Capital Gains Tax in the Autumn Statement on 30th October: 18% of properties now for sale were previously on the rental market, compared with…
Read More Rightmove’s weekly mortgage tracker 4th September 2024
The lowest available 5-year fixed rate mortgage is now 3.77% (for 60% LTV), which is the lowest a five-year fixed rate has been since before the mini-Budget in September 2022. Other key points this week include the average 5-year fixed mortgage being a full 1.0% lower than last year, and the average 60% 5-year rate…
Read More Breaking Property News 04/09/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Property Technology in the UK: Trends, Growth, and Challenges Proptech, (Property Technology), having exploded in the UK in 2017 with 60% of new startups in the sector clambering to be the next big thing – is seven years on now maturing. All the hype…
Read More