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.

You May Also Enjoy

Home and Living

How homeowners can fight back against rising energy bills

New research from Yopa warns that millions of homeowners are set to be hit with a 14% jump in energy bills this summer, wiping out recent savings and piling fresh pressure on household finances. In response, Yopa has analysed which home improvements are most effective at reducing energy use, looking at both the typical savings delivered…
Read More →
Breaking News

Homes selling as fast as last year

First time buyers in outer London hit hardest as higher borrowing costs and  high stamp duty costs weigh on sales times   The average time to sell a home is just 1 day longer than last year at 33 days, despite higher mortgage rates and 2 months of conflict in the Middle East However, areas…
Read More →
Estate Agent Talk

How to Pick the Ideal Utilities for your Business

Sorting out utilities might not be the most exciting part of running a business, but it is one of those things that quietly affects everything else. Whether it is your electricity, gas, water or internet, these services keep your business moving day to day. Getting them right can help you stay in control of costs…
Read More →
Letting Agent Talk

Advice for London landlords and tenants ahead of the Renters’ Rights Act implementation

Phase one of the Renters’ Rights Act (RRA) comes into force on 1 May 2026, and with it brings about the most significant overhaul of the private rental sector in a generation. While the Act will see new responsibilities introduced, it will also offer an opportunity for landlords to strengthen their practices with a clear…
Read More →
Estate Agent Talk

Budget-friendly ways to boost your chances of a successful spring house sale

With many households feeling the pressure of changing global economic conditions, tighter finances, and the high costs associated with moving, such as Stamp Duty, legal fees and removals, selling a home can currently feel like challenge. At the same time, spring traditionally brings a surge in buyer activity. Longer days and better weather tend to encourage more viewings,…
Read More →
Letting Agent Talk

Expert Reacts To Renters’ Rights Act Ahead of Changes This Week

The Renters’ Rights Act comes into force this week (1st May), introducing major reforms to tenancy structures, eviction rules, and tenant protections across England. The changes will reshape how landlords manage properties and how tenants experience private renting, with significant implications for student private rentals and the wider rental market. Ahead of implementation, Owen Dixon,…
Read More →