Legal action may happen

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

Who are Rentd
Letting Agent Talk

Renters (Reform) Bill Dropped – Thoughts from the Industry

The Renters (Reform) Bill has been dropped as a result of the general election being called. Here are some thoughts from within the property industry. Ben Beadle, Chief Executive of the National Residential Landlords Association: “It is hugely disappointing that this Bill will not now make it into law. The news comes despite the fact that…
Read More
Estate Agent Talk

July 4 General Election – Thoughts from the Industry

Prime Minister, Rishi Sunak has called a general election for July 4, 2024, citing now being the time for the people of Britain to choose the next government. Here are some thoughts from within the property industry. Tim Bannister, Rightmove’s property expert: “A look back at recent elections shows that house prices and activity usually…
Read More
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker

Matt Smith, Rightmove’s mortgage expert said: “Today’s inflation drop feels like an important milestone on the road to the first Base Rate cut. There’s been some to-ing and fro-ing over whether we’ll see a summer Base Rate cut, but today’s news will likely reinforce some of the positive words coming from the Bank of England…
Read More
Estate Agent Talk

Rayner right to be ambitious on housebuilding

At UKREiiF, Angela Rayner, Shadow Housing Secretary made several commitments to help solve the UK’s housing crisis including new towns, greater numbers of affordable housing, a return of housing targets and a clear design code criteria. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Although election season is the time for…
Read More
Breaking News

Comment on Land Registry’s House Price Index showing an annual rise of 1.8%

Commenting on Land Registry’s UK House Price Index showing an annual rise of 1.8%, Daniel Austin, CEO and co-founder at ASK Partners, said: “The property sector is recovering. Rent values have seen sustained growth, positioning real estate as reasonably valued in comparison to gilts and presenting growth potential. In the realm of commercial real estate,…
Read More
Breaking News

Breaking Property News – 22/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sunak calls General election for 4th July 2024 – American Independece Day Many pundits feel that post the General election Rishi Sunak will fly off to Silicon Valley, so maybe holding the General election on American Independence Day is no coincidence! The real carnage…
Read More