NHF comes up with new plan for RTB

September 25, 2015

A follow on to yesterday’s “Breaking News” Item where we mentioned Liberal Democrat leader Tim Farron telling his party faithfulls at their conference that he is totally opposed to the right to buy scheme being extended, and that he would do everthing he can to stop the government from implementing it, well it may not be that easy.

The government may not have to legislate to extend right to buy to 1.3 million more tenants, after housing associations put forward their own voluntary proposals, that is after they were initially opposed to the scheme, their proposal would avoid having to sell the homes by law

In a statement by The National Housing Federation (NHF) they reportedly said, “Crucially, as the associations would not be compelled to sell stock under legislation, but entering an arrangement voluntarily with Government, the independence of the sector would be maintained,” in the (NHF) plan the discount would be fully funded by the government and every property sold replaced with another housing association home.

The Government said it would consider the plan offered by the NHF, however before ministers can decide on the measure, it must first be accepted by the NHF’s 1,10 member associations over the next week.

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

UK House Price Index for January 2025

The latest index shows that: The average monthly rate of house price growth in January was -0.3%. Average UK house price annual inflation was 1.3% in the 12 months to January 2025. As a result, the average UK house price currently sits at £268,000.   Here are some thoughts from the Industry.   Damien Jefferies,…
Read More →
Breaking News

Exchange time reaches 135 days

Property transactions slow as exchange time reaches 135 days — up 45% on 2019 The time it takes to exchange contracts has risen to 135 days — 45% longer than in 2019 and 3% higher than last year — despite a drop in property transactions year-on-year, it emerged today. Novus Strategy, the transformation consultancy for…
Read More →
Breaking News

Industry response to latest inflation figures and its impact on housing

Industry response to UK inflation remaining at 3%. Nathan Emerson, CEO of Propertymark, comments: “Although inflation has remained steady since last month, it is important to acknowledge geopolitical tensions moving forward, and the effect such pressures may have on many households over the coming months. “Today’s news should help bring a measured sense of consistency…
Read More →
Breaking News

Foxtons Lettings Market Index – February 2026

Seasonal recovery as improved supply and demand indicates a return of market momentum   Lettings market is showing signs of seasonal recovery as we see market activity picking up, with February performance indicating that momentum is returning following a usually quieter winter period. Renter budgets remained broadly stable, averaging £540 per week year to date…
Read More →
to let sign 2025
Letting Agent Talk

The best time to list a rental property in London revealed

Lettings experts at Kinleigh Folkard & Hayward reveal the best time to list a rental property in London to get twice as many enquiries Spring is a natural reset for our homes with a light refresh going a long way to help us feel rejuvenated. A quick coat of paint where walls look tired, fresh…
Read More →
Rightmove logo
Breaking News

Rightmove expert reacts to ONS figures

Colleen Babcock, property expert at Rightmove, said:  “Today’s ONS figures reflect the seasonal uplift we typically see at the start of the year, which mirrors what we’ve already observed in our own January and February data. With the number of homes for sale now at its highest level in over a decade, buyers are benefiting…
Read More →