Legal action may happen

July 20, 2015

Legal action may be the only way  forward for  Housing Associations if the Government extends right to buy to their tenants, said the former head of the Civil Service.

Sir Bob Kerslake, the chair of Peabody Housing and secretary at the Department for Communities and Local Government reportedly said  “We haven’t ruled out the possibility of legal action.” He also mentioned that in London where the housing crisis is most critical, the government should ringfence the right to buy receipts to build homes or decouple the forced sales of council owned assets.

Local authorities would have to sell off their most expensive council homes to fund the extension further diminishing social-housing stock.

Deputy mayor for housing Rick Blakeway reportedly said that between 2,000 to 6,000 Housing Association tenants would be likely to use their right to buy every year, he added  that if right to buy cash were to be retained in the capital, two homes  with a mix of social and affordable rents for every one sold could be built in London.

Labour has tabled an amendment to the charities bill that would pave the way for a prolonged parliamentary battle over one of the Conservatives most controversial policies, this move will have the support from a cross party group of peers which will include Lord Kerslake who is a crossbencher.

The Tory plans of extending of the right-to-buy to housing asssociation tenants appears to be far away from any conclusion and as opposition grows looks more and more likely not to happen.

 

 

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

Guy Fawkes Night set to fizzle out for UK households

Firework Night set to fizzle out as 97% of UK households won’t buy fireworks and 7 in 10 want to see them banned As many as 97% of UK households won’t be buying fireworks to set off at home this Bonfire Night, while more than seven in 10 believe private fireworks displays in residential gardens…
Read More →
Breaking News

Budget tax raid could hit landlords for £3,500 a year

Budget tax raid could cost landlords almost £3,500 a year as property income tax rises Landlords could face almost £500 in additional annual tax per property, rising to nearly £3,500 across an average portfolio, following the Autumn Budget decision to double the previously planned increase in property income tax rates from April 2027. New analysis…
Read More →
Estate Agent Talk

Upfront information: homebuyers want confidence as much as speed

What movers want from upfront information, and it isn’t only speed Having a survey, legal pack and chain details before making an offer would help more than eight in ten respondents, according to LRG’s latest sales report Of the 553 who answered the question, 41% said they would offer with more confidence, although not necessarily…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

How Financial Anxiety Drains Entrepreneurial Energy

Financial anxiety can consume the attention and stamina that business owners need for planning, problem-solving and leading a team. A late payment, an unexpected tax bill or a weak sales month may trigger worry long after working hours have ended. Over time, that mental strain affects sleep, concentration and confidence. The answer starts with creating…
Read More →
Letting Agent Talk

How to future-proof a rental property for changing tenant expectations

Over the past decade or so, tenants have become far more discerning. For more and more people, renting is a long-term prospect and today’s tenants expect their homes to be as safe and comfortable as any home they would own themselves. And as legislation around standards and health and safety in the private rented sector…
Read More →
Breaking News

More than a third of homes undergo price reduction

The latest research from GetAgent.co.uk has revealed that more than a third (34.4%) of homes sold subject to contract (SSTC) across Britain’s major cities have undergone an asking price reduction, with this figure climbing to more than half in Bournemouth, raising questions over whether sellers, and their agents, are pricing their properties realistically when first…
Read More →