Right to Buy helps thousands to become homeowners

September 26, 2016

An announcement last week published on the Gov.UK website from the Department for Communities and Local Government and Gavin Barwell MP headlined ‘Right To Buy: more than 56,000 new homeowners across the country’

New figures published 22 Septemebr 2016 show more than 312,000 households have now benefited from government-backed home ownership schemes including Right to Buy, Help to Buy and Help to Buy: Shared Ownership since 2010.

This has been boosted by new figures showing over 3,350 households bought under the Right to Buy scheme in the three months to June, a 21% increase from the same time last year.

And councils received £283 million from sales of homes – a 27% increase for the same quarter last year – which will be re-invested into new homes.

Housing and Planning Minister Gavin Barwell, said: “From London to Leeds, Right to Buy plays an important part in building a country that works for everyone, helping thousands of people become homeowners for the first time.

“And we’re determined to replace the additional homes sold on a one-for-one basis, nationally – providing new affordable homes for rent for those who need them”.

To read the publication in full on the Gov.UK website click here

 

 

 

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.

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