Thursday, 16 November 2017

Councils Urge Government To Act On Right To Buy Receipts

Calling on the government to change the rules on Right to Buy in this month’s Autumn Budget, the LGA warned that councils are currently able to replace only a third of homes sold under the Right to Buy. The scheme, it said, could “grind to a halt” if the government does not change rules preventing councils from keeping more than a third of the proceeds received from council tenants buying their homes. According to the LGA, 12,826 homes were sold off under the scheme in 2016/17, and councils only started 4,475 in replacement. Read more on the LGA website.

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