Government to DOUBLE right to buy discount to help more people onto the ladder

ILW

Think I would be pig sick if I had bought a new build a few years ago on an estate where a percentage of the houses had to go to council tenants, and they are now going to get to buy theirs at half price. And sell on in a few years at full price walking away with a massive profit. Just seems wrong to me.

chewmylegoff

if the council has a load of land that it can build on, and the cost of a house is only half of the value that the house will have, why can't the £400,000,000 that is going to be bunged to private sector housebuilders instead be used to build 5,000 houses on some of this land, and then sell them at market value, with the proceeds of £800,000,000 being used to build more houses...

seven-day-weekend

Although we benefited indirectly from the RTB scheme (m-i-l bought under RTB, then hubby inherited), I don't actually see why there should be any discounts at all.

People say they have paid their rent for years, well so have other people in private rentals, and those who bought on the open market have paid market value for their houses, but not received a huge discount.

I also think that any money generated from this scheme should go towards building more rental housing.

leveller2911

quantic wrote: »

They reserved a percentage of houses in my estate when it was built in 2005 to be council houses, I hope the people who got those ones get to buy them for half price, because its not enough of slap in the face that they don't have jobs and get the rent paid for. This country has become a bit of a joke.

As I posted before the RTB rules changed years ago so NO new Council tenants have the RTB , some Housing Association tenants have the "Right to aquire" properties at the market rate so no discount at all they would pay the same as anyone else...

leveller2911

seven-day-weekend wrote: »

Although we benefited indirectly from the RTB scheme (m-i-l bought under RTB, then hubby inherited), I don't actually see why there should be any discounts at all.

People say they have paid their rent for years, well so have other people in private rentals, and those who bought on the open market have paid market value for their houses, but not received a huge discount.

I also think that any money generated from this scheme should go towards building more rental housing.

But many homeowners have received £thousands in Government grants to renovate their properties , its no different . They buy a property knowing it needs work, receive grants (subject to income) to renovate the property, live in it for 3-5 yrs and then sell making a good profit.

I don't see anyone on here being critics of that scheme...;)

And NO i'm not a Council tenant , don't agree with the selling off of Council housing stock and neither do I have the RTB..

Going4TheDream

leveller2911 wrote: »

But many homeowners have received £thousands in Government grants to renovate their properties , its no different . They buy a property knowing it needs work, receive grants (subject to income) to renovate the property, live in it for 3-5 yrs and then sell making a good profit.

I don't see anyone on here being critics of that scheme...;)

And NO i'm not a Council tenant , don't agree with the selling off of Council housing stock and neither do I have the RTB..

Grants were/are fairly hard to obtain by private homeowners, and the criteria was often strict, and would vary from region to region as to what the council budget would allow, often very limited supply

I hardly think that is the same as being given maybe £80k discount on the price of a house that you have rented at rates less than market value for a while?

leveller2911

Going4TheDream wrote: »

Grants were/are fairly hard to obtain by private homeowners, and the criteria was often strict, and would vary from region to region as to what the council budget would allow, often very limited supply

I hardly think that is the same as being given maybe £80k discount on the price of a house that you have rented at rates less than market value for a while?

As someone who worked on many house renovations for homeowners who received grants for the work I can say with experience that many times the "criteria" was not strict enough to stop people putting the houses in their son or daughters name and so meeting the low earnings rules.Grants to re-roof houses were not hard to get at all, very common in fact.

My point is the vast majoirty of Social Housing tenants do NOT qualify for Grants or have the Rights To Buy but hey no point letting facts get in the way of froth......

We can argue about whether Social Housing rents are too cheap or private rentals too high but discounts are also variable. Many tenants were only allowed 15%, 20% etc not everyone was given the maximun which was 69% discount.

The Grant system was wrong in exactly the same way that the discount RTB scheme was wrong as its a subsidy. The amounts of money are secondary , if its morally wrong its wrong end of....

Going4TheDream

leveller2911 wrote: »

As someone who worked on many house renovations for homeowners who received grants for the work I can say with experience that many times the "criteria" was not strict enough to stop people putting the houses in their son or daughters name and so meeting the low earnings rules.Grants to re-roof houses were not hard to get at all, very common in fact.

My point is the vast majoirty of Social Housing tenants do NOT qualify for Grants or have the Rights To Buy but hey no point letting facts get in the way of froth......

We can argue about whether Social Housing rents are too cheap or private rentals too high but discounts are also variable. Many tenants were only allowed 15%, 20% etc not everyone was given the maximun which was 69% discount.

The Grant system was wrong in exactly the same way that the discount RTB scheme was wrong. The amounts of money are secondary , if its morally wrong its wrong end of....

Can only speak for where I live and know how hard it was to get anything, even in a house in a preservation area that required certain things to be done in a certain way (it wasn't a preservation area when I bought it )

I suppose all schemes that give something for nothing are open to abuse. I heard of many people under the right to buy last time round who bought their parents home (parents in no position to buy due to age/finance).............

Its just once of those things I suppose

Jimmy_31

ILW wrote: »

They won't give me one because I do not have enough need. Pity as looks like a good little earner.

Just goes to show that trying to support oneself and paying ones way is beginning to look a bit of a mugs game.

Thats why people are dropping out.

As soon as i get a house, i will be doing the same.

squinty

neverdespairgirl wrote: »

Wot I said. Thatcher didn't invent it. That was a GLC commie lot.

Erm no - in the late 60's & early 70's the GLC was conservative and introduced a form of sales as they were promoting free market ideas

The labour administration stopped it when elected, but it was reintroduced in the late 70s with the next conservative administration.

Thatcher adopted the idea as conservative policy and it became a right for secure tenants nationally in the 1980 housing act