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@contradevian

Dclg Announces 'affordable Rent To Buy"

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The DCLG is expecting huge interest in this. I'm not so sure. Usually 'affordable' means unaffordable, just slightly more affordable, than 'unaffordable.'

http://www.24dash.com/news/housing/2014-05-27-DCLG-expects-huge-interest-in-new-affordable-housing-product#.U4S31PldV8E

Part 'affordable rent', part 'right to buy', the government believes this new type of housing will attract a wide range of developers "as it combines an affordable rent with the opportunity for a longer-term housing product". Local authorities and other public bodies are, however, not allowed to bid for funding.

For the social housing purist, however, it represents the worst of both worlds - high rent affordable housing that is likely to be sold on after seven years.

Backed with £400M of public money, one suspects a lot of this social housing stock will eventually end up in the hands of BTL.

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Well it made me chuckle. What's the point of these complicated instruments and why would anyone want to part buy a house owned by a developer when they will have to undertake all of the maintenance?

Lunacy, who ever comes up with this crap need sacking.

It's very straightforward for the government to allow local councils to borrow from the market and build homes after granting themselves planning.

Does anyone else find all this genuinely amusing? Part buy a tiny house owned by a developer and have to undertake the maintenance - you couldn't make it up.

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Well it made me chuckle. What's the point of these complicated instruments and why would anyone want to part buy a house owned by a developer when they will have to undertake all of the maintenance?

Lunacy, who ever comes up with this crap need sacking.

It's very straightforward for the government to allow local councils to borrow from the market and build homes after granting themselves planning.

Does anyone else find all this genuinely amusing? Part buy a tiny house owned by a developer and have to undertake the maintenance - you couldn't make it up.

This is easy. Because if it is bought by a (BTL) landlord, they won't do any maintenance and if there are problems the landlord will just expect the tenants to live with the problems or for teh tenants to pay for it!

Edited by fru-gal

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