Right-to-buy owners are up in arms after being charged £24k for a new communal heating system
Shadow Chancellor John McDonnell says he wants to shift power away from landlords including more taxes and 'below market value' right to buy scheme.
A total of 139 former council tenants bought their homes under Right to Buy and resold them within one month, the BBC found.
More than 40% of former council homes now rented out by private landlords
Pilot scheme will cost £200m with commitment to build new homes to replace lost stock
Local Government Association calls for ‘fundamental reform’ in the way scheme is funded
Tenants living in homes sold under Margaret Thatcher’s scheme now pay twice the rents charged by local authorities
Selling off council homes is economically and morally reprehensible. The government needs to halt its kneejerk support for home ownership
National Audit Office says fivefold increase in number of new homes created is needed to keep pace with 2014-15 sales
Figures show that replacements for homes sold under the right-to-buy scheme fell by 27% last year, worsening the housing crisis
The end of the Right to Buy scheme in Scotland after 30 years has been welcomed by housing bodies.
Nearly 500,000 council and housing association homes were sold under the policy, which was introduced by Margaret Thatcher's government in 1980.
It allowed tenants in social housing to buy their homes at discounted rates.
The UK Government must lift its home building target by 50% and build 300,000 new homes each year to tackle the current housing crisis, according to a report from the House of Lords Economic Affairs Committee.
The report suggests that local authorities and housing associations must be freed to build substantial numbers of homes for rent and for sale and points out that the current targets will fail to meet the demand for new homes or moderate the rate of house price increases.
It also says that current policy is restricting local authorities' access to funding to build more social housing and creating uncertainty in the already dysfunctional housing market by frequent changes to tax rules and subsidies for house purchases, reductions in social rents, and the extension of the Right to Buy.
Right to Buy is to be abolished in Wales.
Making the announcement, Welsh First Minister Carwyn Jones told the Welsh Assembly that the abolition “will ensure social housing is available to those who need it and who are unable to access accommodation or the private rented sector”
Over 500,000 people have opened Help to Buy ISAs, which offer government bonuses of up to £3000, as they save towards buying a home, the latest data shows.
Figures also show that since the launch of the Help to Buy equity loan, mortgage guarantee and ISA schemes over 160,000 completions under the schemes have taken place, with 80% having been made by first time buyers.
The average house price being purchased with support from the Help to Buy schemes is £189,795, significantly below the national average and 94% of Help to Buy completions have taken place outside London.
Barking and Dagenham’s version of right-to-buy scheme aimed at retaining housing stock while letting tenants buy a share in their property at discount
Around 16% of council homes that have been sold by ten local authorities under Right to Buy have been to tenants on housing benefit.
Former local authority tenants who bought their properties for as little as £44,000 are facing demands of up to £50,000, which they can’t afford to pay
The government announced last year that the "right to buy" would be extended to housing association tenants.
But as the first housing association properties are about to be sold, questions are still being raised over how the policy will be funded.
The government was once the biggest landlord in Europe, but now it houses comparatively few - 1.6 million council-owned dwellings, in England, less than half the 3.5 million of 20 years ago.
It started off as an idea from Jeremy Corbyn’s campaign to become Labour leader but today it’s being backed by a right-wing think tank - giving private sector tenants the right to buy the home they rent.
Over the weekend the Guardian reported that the pro-market organisation Civitas says such a move would help currently-struggling 20- or 30-something tenants to get on the housing ladder.
Birmingham would be forced to sell the most council homes to help housing association tenants buy, says Shelter
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