Right to buy extended to housing association

Jaded2022

• Housing association tenants will be given the "Right to Buy" their homes. Currently the scheme, which allows qualifying tenants to buy their council houses for a discount, is limited to council house tenants. But this will be extended to housing association tenants. There are 2.5 million housing association properties, according to the Government.  
  

How will it work? Can tenants buy at about 80% market value?


the question really is why buy at the top of the market just before the big corporations come?

answer is the government want to sell off stock at the top of the market just before the corporations happen

DE_612183

don't get your last sentence - aren't housing associations private nothing to do with government?

Jaded2022

DE_612183 said:

don't get your last sentence - aren't housing associations private nothing to do with government?

Kickbacks

there is so much money involved 

Norman_Castle

Jaded2022 said:

the question really is why buy at the top of the market just before the big corporations come?

The question really is, what are you talking about?

Slinky

How can the Government sell houses they don't own?  This is all another attempt to buy Conservative votes isn't it.

Norman_Castle

Slinky said:

How can the Government sell houses they don't own?  This is all another attempt to buy Conservative votes isn't it.

The voluntary right to buy was offered by HAs to avoid legislation forcing them to sell so I suspect it can be done possibly due to previous government financing. Boris said "Over the coming months we will work with the sector to bring forward a new Right to Buy scheme" so I suspect it'll be a continuation of the VRTB which has had two pilots and talk of more to come.

You can call it vote buying but you could also say its giving people what they want. There is an appetite for it.

There was something online this morning from M Gove stating funding will be limited and discounts might not be as generous as council RTB.

Slithery

Jaded2022 said:

• Housing association tenants will be given the "Right to Buy" their homes. Currently the scheme, which allows qualifying tenants to buy their council houses for a discount, is limited to council house tenants. But this will be extended to housing association tenants. There are 2.5 million housing association properties, according to the Government.  
  

How will it work? Can tenants buy at about 80% market value?


the question really is why buy at the top of the market just before the big corporations come?

answer is the government want to sell off stock at the top of the market just before the corporations happen

Your post makes no sense...

danjackson2021

Slinky said:

How can the Government sell houses they don't own?  This is all another attempt to buy Conservative votes isn't it.

Will it be 80% and the government will pay the 20%?

Slithery

Jaded2022 said:

• Housing association tenants will be given the "Right to Buy" their homes. Currently the scheme, which allows qualifying tenants to buy their council houses for a discount, is limited to council house tenants. But this will be extended to housing association tenants. There are 2.5 million housing association properties, according to the Government.  
  

How will it work? Can tenants buy at about 80% market value?


the question really is why buy at the top of the market just before the big corporations come?

answer is the government want to sell off stock at the top of the market just before the corporations happen

Your post makes no sense...

AlexMac

Jaded2022 said:

• Housing association tenants will be given the "Right to Buy" their homes...

Really? I won't hold my breath while I wait for this, for "levelling up" nor the promised "40 new Hospitals" (or is it 44? Or 48?)

If it does happen, it will then amaze me even further if the proceeds are used to leverage funding for the millions of new social rented homes which many people desperately need.  

The problem is that we don't have enough Council/ HA stock and RTB doesn't help that shortage.  As I;ve said here before, my life, and that of my family was transformed by us getting the stability of a Council flat, albeit only a modest walk up in Brixton in one of the early 20th Century "Slum Clearance" blocks; after the instability of homelessness and probably 40-50 adresses by the time I was six, I got stability, schooling, qualifications, a decent job and my current relatively comfortable lifestyle in a gaff worth over a Million.

There just ain't enuff public (or, come to that, private) house-building!

Look at post-war housebuilding statistics in something like https://www.statista.com/statistics/746101/completion-of-new-dwellings-uk/

• In 1953, almost 330,000 homes were built, 75% by local authorities with a few by HAs. 
• By 1967 this had risen to well over 400,000;again, with a majority by built by public authorities, albeit that private builders were catching up
• Fast forward to 2019, and there were less than 200,000 total housing completions - admittedly up on the 100,000 pa or so of the late 'noughties, but more significantly, less than a quarter of these were by Housing associations with only a handful by Councils, so that public housing was being built at only 20% of the rate of the late sixties.