Shared Ownership Right To Buy ‘Will Worsen Housing Crisis’

Sector bodies have said that proposals to offer housing association tenants the right to buy upwards of 10% of their homes could “worsen the housing crisis”, and warned the government to understand the impact on lenders before pushing ahead. At the Conservative Party conference, housing secretary Robert Jenrick announced plans to offer housing associations “an automatic right to buy a share of their home”. New build homes would be automatically included, with existing homes added via voluntary agreements with associations, Mr Jenrick said. But the NHF and PlaceShapers warned that the proposals could have consequences for loan deals and make the housing crisis worse. Read more on Inside Housing.

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