The Right to Buy was only set up to destroy the social housing stock and persuade those that benefited from it to vote for the Conservatives.The renting issue is less with private renting and more about the lack of affordable homes and social rent homes and the stupid right to buy legislation
Fix those and the private market becomes more competitive and therefore higher quality
It was nothing more than a bribe.
It really needs to be stopped or the system needs to be adapted so that for every property sold, on this scheme, the local authority/housing association must first replace it with a minimum of one other property, to stop the stock from being depleted.
Initial “cash” discounts range from £16000-£38000 depending on location and you only need to have been a local authority/housing association tenant for 3 years (they don’t have to be consecutive) to qualify and after 5 years the discount will increase by 1% per year of tenancy.
Info from www.gov.uk.
Maybe, in the spirit of fairness and to help people who can’t get a local authority/housing association tenancy, the rule should be extended to private landlords.
That would put the cat amongst the pigeons and potentially open up the market to a glut of houses being sold at reduced prices, If not to the tenants, simply because the landlords won’t want to be forced into selling their properties at a discount set by the government.
Last edited: