Jump to content
House Price Crash Forum
Sign in to follow this  
kjw

Tory Minister Promises To Take On Councils Who Try To Thwart Government's 'reinvigorated' Right-To-Buy Policy

Recommended Posts

Housing minister Brandon Lewis has vowed to block councils who deliberately try to thwart the Government’s “reinvigorated” right-to-buy policy, if he is still in post after the general election.

The Conservative MP for Great Yarmouth is furious that local authorities, such as Labour-led Enfield in north London, are exploiting a loophole exempting their properties from right-to-buy, one of Margaret Thatcher’s signature policies, which enabled council tenants buy their houses at a discount.

The councils are setting up private companies, allowing them to buy up properties and then rent them out. The Coalition revamped the policy in 2012, letting tenants who have lived in their homes for three or more years buy them at a £77,000 discount on their actual value in English boroughs. In London’s red-hot housing market, the discount is £102,700. As a result, right-to-buy sales have rocketed, from 2,638 in England in 2011-12 to 11,238 in 2013-14. [more at link]

http://www.independent.co.uk/news/uk/politics/tory-minister-promises-to-take-on-councils-who-try-to-thwart-governments-reinvigorated-righttobuy-policy-10125348.html

Share this post


Link to post
Share on other sites

Its amazing that the top priority for this Government on housing is to pursue councils who aren't too keen on flogging off valuable assets they own at £100k less than market value. Particularly in areas where there is a huge demand for social housing like outer London.

Why not let local people decide - in local government elections. If you want to sell off community assets for well below market value - fine vote for it locally. Cos these houses belong to local people - not central government!

Share this post


Link to post
Share on other sites

I don't get how someone with a very obvious vested interest in a particular area can dictate policy that would benefit said interest. Surely this is the equivalent of insider knowledge? Make up laws to benefit yourself at the expense of other people.

Edited by fru-gal

Share this post


Link to post
Share on other sites

I don't get how someone with a very obvious vested interest in a particular area can dictate policy that would benefit said interest. Surely this is the equivalent of insider knowledge? Make up laws to benefit yourself at the expense of other people.

I guess the trick is to elect politicians who have the same vested interest that you do.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   33 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.