Extending Right to Buy scheme

June 25, 2015

Jeremy Corbyn a Labour leadership contender has said,  “the right to buy policy that lets council tenants buy their homes at a big discount should be extended to the tenants of private landlords,  that Labour needed to go further in tackling the housing crisis and that extending Right To Buy could help more people find a secure place to live.

He further said “I believe this idea could open up the possibility of real secure housing for many currently faced with insecurity and high rents.”

Mr Corbyn said he would be launching a consultation on the policy over the summer as part of a package of new policies to solve the housing crisis.

The Conservatives  who are already committed to extending Right To Buy to the tenants of housing associations, may not get that easier a ride when it comes to implementation, a group of various Housing Associations from different parts of the country are threatening legal action against the government if they go ahead with the policy.

In April the Institute for Fiscal Studies said the Conservatives’ plan to extend Right to Buy to Housing Associations  would damage Britain’s public finances and deplete its housing stock.

Comments from Allen at “Breaking News are, The probability of such a scheme being extended to Private Landlords would appear on the face of it to have  very  little chance of happening, not so sure it has been thought through enough if at all, it would attract a minefield of problems when trying to implement, somewhat reminiscent  of the housing policies put forward by Labour in the General Election manifesto, which probably partly contributed to them losing the election.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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