Wednesday, 8 January 2014

Right-To-Buy Maximum Discount to Be Increased

Council house tenants will be able to buy their home for less than a third of its value under new Tory “Right to Buy” plans. The maximum discount for a house is being increased from 60% to 70%, Communities Secretary Eric Pickles said. The Cabinet minister said that the proceeds would be ploughed back into building affordable homes. But Shadow Emma Reynolds said the coalition had failed to deliver on promises of affordable housing. The Labour MP said: ”The Tory-led Government has failed to build the homes our country needs. Only one home has been built for every seven homes sold.” Read more on the Daily Mirror website.

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