Tuesday, 13 February 2018

Council Seeks To Replace Right To Buy With Home Deposit Scheme


A Conservative council hopes to scrap the Right to Buy policy and replace it with a scheme to allow tenants to “earn” a deposit to buy a house. The Earn Your Deposit Scheme could be offered to all 400 tenants of Woking Council’s company, Thameswey Housing, if it is approved by the council. It is aimed at young people looking to buy their first home. However, a spokesperson for the Ministry for Housing, Communities and Local Government poured cold-water on the plans.The spokesperson said: “No negotiations on changes to Right to Buy are taking place between Woking and the government and none are currently planned.”  Read more on Inside Housing.

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