'170,000 Might Take Up Right To Buy'

Up to 170,000 housing association households might be able to take advantage of the proposed Right to Buy extension using their own finances, a report has found. A review of the effect of the existing Right to Buy and of the likely impact of the policy’s extension to an extra 1.3m housing association tenants has been published by the CLG committee of MPs. It estimated that between nine and 20% of eligible households might be able to take up the Right to Buy without financial help, equivalent to between 76,500 and 170,000 households. The estimate is less than the 221,000 households the National Housing Federation in April initially forecast would be eligible and able to afford the Right to Buy. Download a copy of the report from the Parliament website.