Thursday, December 22, 2011

Shapps to give council houses for Christmas

New Right to Buy discounts proposed

Discounts offered to council tenants to buy their own homes will be increased to a maximum of £50,000 across England under plans to revitalise the Right to Buy scheme, the Government has said.

Posted by we're all in this together @ 09:13 PM (1483 views)
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9 thoughts on “Shapps to give council houses for Christmas

  • sibley's b'stard child says:

    Hmm, I’m skeptical of this scheme to say the least. So each sale via RTB will fund the building of another ‘affordable home to rent’. I’m guessing these ‘affordable homes’ won’t be council run. In fact, the article goes on about a multi-million pound handout to developers whom presumably paid peak prices for their land and can’t complete with a profits.

    Putting two and two together it sounds like taxpayer subsidies to socialise the developers’ losses so they can knock up a few thou flats for private rent, whilst losing DM equal number of social housing.

    What’s not too like.

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  • little professor says:

    SBC – got it in one

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  • sibley's b'stard child says:

    Scuse spelling, bloody phone.

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  • we're all in this together says:

    Question is what it will do to house prices – some obscure committee in years to come will reveal the shocking discovery that only three houses were built although hundreds of thousands were sold. Under the Thatcher Grand Plan tenants were lured by the prospect of a few thousand quid to sell at an instant profit to speculators, while councils were forbidden to replace dwindling stock, resulting in booming property prices. Taxpayers to the rescue again. Makes you proud.

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  • sibley's b'stard child says:

    WAITT, I presume this genius plan had its roots in last year’s FTB summit headed-up by the punchable one. The FTB summit was conspicious in the absence of FTBs and, indeed, lenders. The biggest players were – ta-da – builders and developers a la Bovis & Persimmons, if memory serves.

    As you say, ten years from now there’ll be a damning piece in the Guardian uncovering the murky deals and resounding failure of the scheme. Still, there’d be a few number of palms greased as a result.

    And, yes, yet another prop to house prices. Can’t allow these poor developers from losing out on their speculations. Much better to maintain property values.

    Hurrah for free-market capitalism.

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  • cornishtinmine says:

    …but if the prices of these houses subsequently fall by £50k…?!

    however, I’m still against the idea of selling council houses before new social housing is built… and there are many people out there who will abuse the RTB scheme as was shown on a recent TV documentary…

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  • It stinks! I’m stuck in extortionate private rented accomodation due to unaffordable house prices. Where’s my handout!

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  • Definately a stinky vote buying opportunity by the government. According to SHELTER there is a shortage of social housing, so what do the government suggest doing? Sell it all. More taxpayer funded fraud. We paid for those houses to be built. Social housing should stay just that. Ask yourself, why are people in social housing in the first place.

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  • In reply to greenmind….
    I have lived in a Council property for over twenty years which is of an Airey construction “(pre-fabricated)”, built after the war as a temporary dwelling at a cost of £800 the property was transferred to a Housing Association two year ago. You have great difficulty in obtaining a mortgage because of it’s steel frame construction which you cannot use cavity wall insulation so in winter the heating costs are astronomical in comparison to a standard construction. I recently applied to purchase the aforesaid property and was quoted £50,000 which is an absolute joke as i tried to buy in 2004 and the quote then was £24,000 both quotes are minus the discount and i still have the same problem of not being able to get a mortgage. The new 50K limit if and when it comes in will be beneficial as the money saved on purchase would go to the cost of reinstating the property. Multiply the rental cost which is at present £320pcm by 23 years and then whinge about it!!!!!! Regarding the extortionate private rent that is a completely different matter this is big business for the new property baron’s who have the cash to snap up the plethora of property on the market.

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