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

Love or Hate Rightmove
Breaking News

Rightmove asks government to consider retaining first-time buyer stamp duty threshold

New analysis shows only 37% of homes for sale will be eligible for first-time buyer stamp duty relief in England come next April, down from 58% of homes that are currently eligible Currently, a first-time buyer pays no stamp duty on properties up to £425,000, but this is due to drop back to £300,000 from…
Read More →
Estate Agent Talk

5 Steps to Becoming the Best Estate Agent in Your Town

Are you passionate about your estate agency and want to become the most noted estate agency in your local area? Finding a family their dream home can feel like the greatest accomplishment, and can be extremely rewarding. In order to become the best estate agent in town, here are some top tips for success. 1.…
Read More →
Breaking News

Breaking Property News – 25/07/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Latest property data trust framework helps digitise conveyancing The Open Property Data Association (OPDA) has released the newest version of its property data trust framework which, among other benefits, will help key conveyancing information to be provided digitally. It will be easier for consumers to…
Read More →
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker

Matt Smith, Rightmove’s mortgage expert said: “We’ve seen average mortgage rates drop at a pace not seen for a while this week, faster than many expected as lender competition hots up. The first sub 4% rate for those with larger deposits and prepared to pay a higher fee is the headline-grabber, but we’ve also seen…
Read More →
Coastal and sea front property
Estate Agent Talk

Why You Should Invest in Herne Bay Property

Herne Bay, a charming coastal town in Kent, is fast becoming a hotspot for property investment. With its picturesque seafront, vibrant community, and excellent transport links, Herne Bay offers a wealth of opportunities for property investors. If you are considering a property investment and looking for estate agents in Herne Bay to guide you through…
Read More →
Breaking News

Breaking Property News – 24/07/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   The recent UK election, with a new Labour government, is set to have significant implications for lettings. As housing is a devolved matter in Wales, local governance and devolution will play a crucial role in shaping this sector. Williams & Goodwin The Property People,…
Read More →