Government Proposes Dropping One-For-One Right To Buy Replacement Commitment

The government has proposed scrapping its commitment to replace homes sold through the Right to Buy on a like-for-like basis and instead using a new measurement that would include those built by housing associations. In 2012 the government pledged to replace homes sold as a result of the additional discounts on a one-for-one basis, but it began missing the commitment earlier this year. More than 66,000 council homes have been sold under the Right to Buy since 2012, while just 17,911 replacements have been started or acquired. Ministers have now published a consultation on the use of receipts from Right to Buy sales. Download the consultation from the Gov UK website.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/733469/Right_to_Buy_consultation.pdf