Nearly 113,000 Council Houses Could Be Sold Off Under Expanded Right To Buy Scheme

Government plans to extend the Right to Buy scheme to housing association tenants could force the sell-off of nearly 113,000 council homes. In the London borough of Kensington and Chelsea, 97 per cent of all council-housing stock would end up having to be sold off into private hands once vacant, housing and homelessness charity Shelter said. Under the plan, approximately 1.3million housing association tenants would be given the opportunity to buy their own homes at a discount. Even if the homes are sold-off, the Government's Right to Buy scheme could still suffer a funding shortfall of around £2.45billion over four years, Shelter warns. In London, Camden would see 11,714 council homes sold-off and Westminster, 9,213 or 76.2 per cent of council houses. Read more on the Daily Mail website.