Wales ending the right-to-buy scheme for tenants

August 9, 2016

The Welsh National Assembly plans to bring forward legislation within the next year to end the Right to Buy scheme for social housing tenants,  Scotland has already lost the right to buy their homes since August 1st this year.

Welsh First Minister Carwyn Jones reportedly said when announcing the policy: “We must safeguard our social housing stock … this bill will seek to protect that stock from further reductions. The analogy I have used before is that it is like trying to fill the bath up with the plug out.”

The Prime Minister Theresa May will be  continuing with plans to expand Right to Buy in England to tenants of housing associations, the scheme was initiated by her predecessor, David Cameron,in an effort  to help increase home ownership.

These policy changes  mark the increasing divergence between England and the devolved administrations of both Scotland and Wales.

 

 

 

 

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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