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Right to buy extenstion to housing assossation

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zak2012
zak2012 Posts: 326 Forumite
in House buying, renting & selling
After last night election result and Tories lost majority. What will happen to Right to buy extenstions to housing assossations? If labour form gov then they scrap .

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  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
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    Right to Buy
  • Guest101
    Guest101 Posts: 15,764 Forumite
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    zak2012 wrote: »
    After last night election result and Tories lost majority. What will happen to Right to buy extenstions to housing assossations? If labour form gov then they scrap .



    It was never a guaranteed thing anyway
  • Lioness_Twinkletoes
    Lioness_Twinkletoes Posts: 1,573 Forumite
    edited 9 June 2017 at 12:28PM
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    Just about the only part of the Labour manifesto I agreed with was scrapping the Right to Buy. Fairly pointless though, as it is about 10 years too late.

    Roll out of the RTB for HA tenants is on hold until the affordable one-for-one replacements through the Right to Buy scheme regional pilot has ended (2018). Given that this is an utterly ridiculous idea and is impossible to deliver, I'd suggest that while you are enjoying low rent you save hard to buy a new home on the open market.

    Housing Associations and the Right to Acquire remains in place (subject to eligibility criteria) but as the discount is capped at a more realistic £16k no one is really interested in that :)
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
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    Basically I think extending Right to Buy to housing associations is asking for trouble. People don't get a housing association property if they earn enough or have a reliable enough income to pay a mortgage so I can see a lot of problems like one of the latest Right to Buy threads on here. If you earn enough to pay a mortgage you should be able to save and buy on the open market and leave the housing associaton property for someone who doesn't earn enough or have a reliable income.
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