Prisk Urges Mortgage Lenders to Back Revamped Right to Buy

In a speech to the Council of Mortgage Lenders’ annual conference Housing Minister Mark Prisk pleaded with delegates to support the Government's revamped Right to Buy scheme, which it is currently promoting through a "concerted marketing campaign" targeting hundreds of thousands of households.  Prisk said “The relationship between social homes, the rental sector and private ownership are often overlooked, and we're trying to bring them together. Right to Buy is back on the agenda, and should be considered afresh. we have now completely revamped [the Right to Buy scheme]. The potential discounts for tenants have radically increased, almost quadrupling in some areas to £75,000. And we have a concerted marketing campaign, which, over the coming months will continue to target hundreds of thousands of households to explain the changes, and how they can buy. My question here is, are you aware of this change? There's a real opportunity here, right across the country. Are you ready to be part of it?”  Read more of this speech on the CLG website.