Wednesday, 15 June 2016

Corbyn Right-To-Buy Plan Backed By Centre-Right Think Tank

Jeremy Corbyn’s plan to extend right to buy to tenants in privately owned housing has gained the support of a major centre-right think tank. Civitas's backing of the radical idea underlines growing concern the housing market has become unaffordable for young people. Report author Peter Saunders said "generational inequality" had worsened over the last 20 years as house price increases outstripped rises in earnings. Mr Saunders said the same eligibility criteria would apply to private tenants that currently apply to council and housing association tenants and that they should also get the same discount.  To not discourage investors from buying property to let, Civitas recommends the policy would only apply to tenants who had lived in their homes for several years. The properties would have to be more than 25 years old. Read more on the Independent website.

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