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.

 

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

Breaking News

BREAKING PROPERTY NEWS – 28/06/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Renting to Students: TDS Poll Confirms Common Issues and Reasons for Disputes in Student Lets PRESS RELEASE: A recent poll by the Tenancy Deposit Scheme (TDS) asked agents and landlords about their experiences when renting to students. The TDS poll discovered common disagreements, the top causes of…
Read More
Budworth Hardcastle
Breaking News

Eddisons snap up Budworth Hardcastle for £1.8m

East Midlands based (in two separate locations) commercial property firm Budworth Hardcastle founded in the 1990’s with 18 staff members have been acquired by Eddisons. Budworth Hardcastle is a privately owned multi-disciplinary Chartered Surveying practice which is Regulated by The Royal Institution of Chartered Surveyors – Formerly Marriott Hardcastle and Budworth Brown prior to merging.…
Read More
Estate Agent Talk

How to Safely use Scaffolding Around the Home

If you have any work to be done around the outside of your home at a height you can’t easily reach, your first answer is to go for a ladder. But though they don’t look like a hazard, ladders are in fact very dangerous pieces of equipment responsible for many injuries that result in minor…
Read More
Breaking News

BREAKING PROPERTY NEWS – 27/06/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   On The Market: Housing market starts to rebalance as remarkable buyer and seller confidence prevails PRESS RELEASE: Our latest Property Sentiment Index shows confidence remained strong among serious buyers and sellers as supply and demand in the market has begun to show signs of rebalancing. –…
Read More
Breaking News

Johnny Cash’s California Home

Johnny Cash often sang about the hills and flowers and wide-open spaces, and he lived it too. In 1961, Johnny built a 4,500-square-foot home in rural Casitas Springs, California as his quiet place to escape from the rock ‘n roll lifestyle. A place he and his wife, Vivian, and their three daughters could enjoy family…
Read More
Estate Agent Talk

How do Estate Agents Need to Adapt Their Methods to Sell to Younger Generations?

The average real estate agent is 49 years old, while the median age of a prospective first-time homebuyer is 33. That’s a significant gap, and it highlights how a lot of agents may be out of touch with the best ways to connect with today’s property purchasers. The process of selling houses, apartments, and other…
Read More