Monday, 20 February 2017

Plan To Extend Right To Buy 'To Hit Affordable Housebuilding'

The Government is set to extend the controversial Right to Buy policy to tens of thousands of new properties amid warnings the move will "jeopardise" future affordable house building.  Under the plans, ministers want to extend the policy to tenants in properties built by arms-length housing companies set up by councils to bypass Whitehall restrictions on homebuilding. Councils say these spin-out companies are one of the few “viable” ways for them to build new affordable homes, and that replacing the homes they lose through Right to Buy sales is now “near impossible”. Read more on the Independent website.

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