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04/04/2012
PM Launches Reinvigorated Right To Buy Scheme
From April this year two million social tenants could benefit from a discount of up to £75,000 with Right to Buy scheme.
The Government has today launched the reinvigorated Right to Buy, with a new discount of up to £75,000.
Since 1980, two million social homes have been bought by their occupants under the scheme, but numbers have gradually fallen – to fewer than 4,000 sales last year – as discounts have declined, making the scheme virtually meaningless in some parts of the country.
Prime Minister David Cameron said: "I want many more people to achieve the dream of home ownership. In the 80s, Right to Buy helped millions of people living in council housing achieve their aspiration of owning their own home. It gave something back to families who worked hard, paid their rent and played by the rules. It allowed them to do up their home, change their front door, improve their garden – without getting permission from the council.
"It gave people a sense of pride and ownership not just in their home, but in their street and neighbourhood, helping to build strong families and stable mixed communities. But over time the discounts were cut, they didn’t keep pace with rises in property prices, and this vital rung on the property ladder was all but removed.
"This Government is now putting it back by dramatically increasing the discount rates so that we support the dreams of those council tenants who to want to own the roof over their head."
(GK)
The Government has today launched the reinvigorated Right to Buy, with a new discount of up to £75,000.
Since 1980, two million social homes have been bought by their occupants under the scheme, but numbers have gradually fallen – to fewer than 4,000 sales last year – as discounts have declined, making the scheme virtually meaningless in some parts of the country.
Prime Minister David Cameron said: "I want many more people to achieve the dream of home ownership. In the 80s, Right to Buy helped millions of people living in council housing achieve their aspiration of owning their own home. It gave something back to families who worked hard, paid their rent and played by the rules. It allowed them to do up their home, change their front door, improve their garden – without getting permission from the council.
"It gave people a sense of pride and ownership not just in their home, but in their street and neighbourhood, helping to build strong families and stable mixed communities. But over time the discounts were cut, they didn’t keep pace with rises in property prices, and this vital rung on the property ladder was all but removed.
"This Government is now putting it back by dramatically increasing the discount rates so that we support the dreams of those council tenants who to want to own the roof over their head."
(GK)
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18 September 2015
40,000 New Homeowners Created By Right To Buy
Almost 40,000 new homeowners have been created in the last three years under the Right To Buy scheme, new figures from the Department of Communities and Local Government have revealed. The department said that the figures are further evidence of how government-led efforts to support hard-working aspiring homeowners are working.
40,000 New Homeowners Created By Right To Buy
Almost 40,000 new homeowners have been created in the last three years under the Right To Buy scheme, new figures from the Department of Communities and Local Government have revealed. The department said that the figures are further evidence of how government-led efforts to support hard-working aspiring homeowners are working.
11 November 2013
Over 2,000 People Use 'Help To Buy' Scheme
More than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending. The applications are backed by a 'decision in principle' by RBS and Lloyds, the first two participating banks, for 95 per cent mortgages. Ten of the 2,384 applications have already completed.
Over 2,000 People Use 'Help To Buy' Scheme
More than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending. The applications are backed by a 'decision in principle' by RBS and Lloyds, the first two participating banks, for 95 per cent mortgages. Ten of the 2,384 applications have already completed.
03 October 2011
Council Tenants 'Right To Buy' Gets Boost
As the Conservative Party Conference got underway yesterday, the Prime Minister David Cameron has pledged to boost the 'right to buy' council house scheme - as introduced under Margaret Thatcher's government in the 1980s.
Council Tenants 'Right To Buy' Gets Boost
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23 April 2013
Hundreds Apply For £1 Homes In Stoke
More than 600 people have applied to buy homes in Stoke-on-Trent for £1 each. According to the city council, 35 derelict homes, mainly two-bedroom terraced properties, will initially be sold off in the Cobridge area. A further 89 rundown homes will follow.
Hundreds Apply For £1 Homes In Stoke
More than 600 people have applied to buy homes in Stoke-on-Trent for £1 each. According to the city council, 35 derelict homes, mainly two-bedroom terraced properties, will initially be sold off in the Cobridge area. A further 89 rundown homes will follow.
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