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

Letting Agent Talk

How to Transition from a Fixed-Term Tenancy to a Periodic Tenancy

Transitioning from a fixed-term tenancy to a periodic tenancy is a common occurrence in the UK rental market. It offers flexibility and convenience for both landlords and tenants by continuing the rental agreement on a rolling basis once the fixed term ends. Whether you’re a landlord managing a property or a tenant seeking clarity, Martin…
Read More →
Breaking News

Housing sales end 2024 on a high, but buyers more cautious about how much to pay for homes as mortgage rates drift higher

Buyers and sellers returned to the market over 2024 building a sales pipeline 30 per cent larger than a year ago with 283,000 homes worth £104bn progressing to a sale in 2025. This is the largest end of year total value for four years. House prices have returned to growth with the average house price…
Read More →
Breaking News

£21 million to live on UK’s most expensive street

· Knightsbridge in London now the priciest UK street · The UK’s 10 most expensive streets all in the capital, with an average price tag of £16.5 million · East Road in Weybridge the most expensive address outside of London · Priciest UK properties are 60 times more than a typical home Lloyds has revealed…
Read More →
Breaking News

Breaking Property News 20/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why estate and letting agents must embrace innovative technology in 2025   As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Read More →
Breaking News

Breaking Property News 19/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   High street Auctions’ initiative launches to revive Britain’s town centres   This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Read More →
Estate Agent Talk

Moving Up In The World: Finding Your Dream Home

Finding your dream home is one of life’s most exciting and transformative experiences. Whether you’re looking to upsize, relocate, or finally purchase that ideal property you’ve always envisioned, the journey is both thrilling and filled with important decisions. As you embark on this path, it’s essential to plan carefully, consider your priorities, and approach the…
Read More →