Tim Farron: To ask the Secretary of State for Communities
and Local Government what assessment his Department has made of the effect of
reducing the qualifying period of right to buy from five to three years on the
feasibility of local authorities ensuring a replacement of homes sold.
Kris Hopkins: The Government intends to reduce the
qualifying period for the right to buy from five years to three years through
the Deregulation Bill. We have produced an impact assessment on this change,
including its impact on replacement policy. The impact assessment shows that
the change to the qualifying period will enable increased home ownership among
social tenants, while ensuring sufficient sales receipts to deliver a new home
for each additional home sold under the reinvigorated right to buy nationally.
The impact assessment was cleared by the Regulatory Policy Committee on 4 March
and will be published on the Deregulation Bill website shortly:
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