possible legal challenges

April 16, 2015

Conservative plans as outlined in their manifesto, that  would force Housing Associations to sell off homes at a fraction of their value is ruffling a few feathers to say the least, infact it has been reported that there would be legal challenge against any such move.

It is still neck and neck at the top of the polls with only a point or two between Labour and Conservative, there is no certainty Conservatives would be leading the next government and  be in a position to implement such plans, if they are it will almost for sure be in a coalition so any  partner will need to agree.

Any plans to go ahead with the extension of the right to buy scheme to include housing associations would expect to come up against some strong opposition, according to a recent report Tony Stacey, chair of a group of 100 housing associations and chief executive of South Yorkshire Housing Association would “definitely” launch a challenge.

Other housing association chief executives have been  quoted as saying they “would be surprised” if a legal challenge did not happen.

This move by the Tories was reportedly criticised by both the Chartered Institute of Housing and the National Housing Federation, in addition Industry sources  say charity law would have to be changed to accommodate such a move as charities, including many housing associations, are generally prohibited from selling off their assets at below market value.

 

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

Estate Agent Talk

Non-standard home insurance cover and how to get it right

Leading insurer provides the low-down on non-standard home insurance cover and how to get it right Most home insurance policies in the UK are designed for ‘standard’ homes, but not every home is considered standard. Whether the property is built with timber frames, has a flat roof or is a listed building, it may fall…
Read More →
Breaking News

Should you change mortgage lender?

The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that more than half of homeowners approaching the end of a fixed-rate mortgage are currently undecided on their future with their mortgage lender, despite notable improvements across the mortgage market over the last 12 months. The consumer insight, commissioned by Alexander Hall, surveyed 1,035…
Read More →
Breaking News

Property chains cost movers £2,000 in unexpected costs

Property ‘chain reactions’ add over £2k to moving costs on average Nearly half of home buyers who have been in property chains say they experienced delays or transaction breakdown because of related issues Problems with chains have led three in 10 to put off future moves, while one in seven say they’d only consider a…
Read More →
Breaking News

Rental demand remains resilient in 2026

The latest research from Benham and Reeves has found that around a quarter of all rental homes currently listed across Britain have already secured a tenant, highlighting continued underlying demand despite ongoing regulatory uncertainty. Benham and Reeves analysed current rental market listings to highlight current rental demand, the size of rental properties currently most in-demand…
Read More →
Breaking News

Buy-to-let lending growth matches FTBs and homemovers

The latest market analysis from Alexander Hall has revealed that buy-to-let mortgage lending has grown at an average quarterly rate of 7% over the last year, matching the pace of growth seen across both first-time buyer and home movers, as improving mortgage market conditions continue to support borrowing demand for rental properties. Alexander Hall analysed…
Read More →
Rightmove logo
Breaking News

Prices stand still in February but still strongest start to a year for prices since 2020

The average price of newly listed homes for sale is virtually flat in February , down by just £12 (-0.0%) to £368,019 Despite the standstill in prices in February, January’s record asking price increase for the time of year means that it is still the strongest start to a year for asking prices since 2020,…
Read More →