Extending Right to Buy scheme
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.
You May Also Enjoy
Residential projects remain under pressure
Homebuyers hold tight ahead of Autumn Budget
House price growth accelerates in Q2
House prices hold steady despite impact of higher interest rates
Breaking Property News 5/10/26
