Tim Farron: To
ask the Secretary of State for Communities and Local Government what assessment
his Department has made of the effect of reducing the qualifying period of
right to buy from five to three years on the feasibility of local authorities
ensuring a replacement of homes sold.
Kris Hopkins:
The Government intends to reduce the qualifying period for the right to buy
from five years to three years through the Deregulation Bill. We have produced
an impact assessment on this change, including its impact on replacement
policy. The impact assessment shows that the change to the qualifying period
will enable increased home ownership among social tenants, while ensuring
sufficient sales receipts to deliver a new home for each additional home sold
under the reinvigorated right to buy nationally. The impact assessment was
cleared by the Regulatory Policy Committee on 4 March and will be published on
the Deregulation Bill website shortly.
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