Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

dipsydoodle

(42,239 posts)
20. Not sure about that aspect.
Thu Feb 28, 2013, 10:59 AM
Feb 2013

see most recent changes here :

The Right to Buy rules were changed in 2005. Five years' tenancy is now required for new tenants to qualify, and properties purchased after January 2005 can no longer immediately be placed on the open market should the owner decide to sell. Such owners must now approach their previous landlord (council or housing association) and offer them "first right of refusal". If the previous landlord is no longer in existence, for example in cases where the former landlord was a registered social landlord which has ceased business, then the property has to first be offered to the local housing authority.

>

At the 2011 Conservative Party Conference, David Cameron proposed to increase Right to Buy discounts in order to revitalise the housing market and generate receipts which could be spent on new housing. Social housing professionals have expressed concerns over the proposal.[9]

As of 2 April 2012 the Right to Buy discount has been increased to a maximum of £75,000 or 60% of the house value (70% for a flat) depending on which is lower.

The aim of the scheme is, for every additional home sold, a new home will be built for affordable rent, which will maintain the level of affordable housing while also increasing the number of properties available for those on the waiting list. The five year tenancy criterion will remain, and should the property be sold within the first five years of the original sale, part or all of the discount will be required to be paid back.

http://en.wikipedia.org/wiki/Right_to_Buy

As you can see no reference is made to market rates whatever for buy backs by local councils.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Very well observed article. sibelian Feb 2013 #1
i was kind of surprised, actually, to read that story. i guess the uk is ramping up that kind of HiPointDem Feb 2013 #4
Right to buy goes back years dipsydoodle Feb 2013 #5
but it looks like it didn't happen much until the 80s. so what happens to a council flat when HiPointDem Feb 2013 #6
First time its sold it has become private housing. dipsydoodle Feb 2013 #7
so has the stock of low-income housing decreased? HiPointDem Feb 2013 #8
in some areas but that was the plan, it was becoming burdensome on the corpy to maintain the homes loli phabay Feb 2013 #11
interesting, thanks. HiPointDem Feb 2013 #14
a good example is the city of glasgow which had over 90,000 council houses on the books loli phabay Feb 2013 #19
Was off set by the rise in housing associations dipsydoodle Feb 2013 #15
"Although independent they are regulated by the state and commonly receive public funding." HiPointDem Feb 2013 #21
yeah I think it was two years after you buy it before you can sell loli phabay Feb 2013 #10
There are some new rules in place dipsydoodle Feb 2013 #16
it's been a few years since I looked into it, does the vendor have to pay market price to buy back loli phabay Feb 2013 #18
Not sure about that aspect. dipsydoodle Feb 2013 #20
I have a different take on the show, I look at it like rab c nesbitt in that there is an element of loli phabay Feb 2013 #9
Thanks You HiPointDem Beearewhyain Feb 2013 #2
meanwhile HSBC .... dtom67 Feb 2013 #3
Snooze...... Zax2me Feb 2013 #12
could you elaborate on that? HiPointDem Feb 2013 #13
Strange response! sibelian Feb 2013 #17
Latest Discussions»General Discussion»The UK seems more advance...»Reply #20