An article on www.bbc.co.uk reports Right to Buy homes made £2.8m in profit 'in weeks' A total of 139 former council tenants bought their homes under Right to Buy and resold them within one month, the BBC found. Those resold homes created a £2.8m collective profit. Opponents of the scheme said too many people had profited from a policy that had "much bigger social ambitions". Supporters said Right to Buy helped people climb the housing ladder and secure their families' financial futures. .....Read More
An article on www.gov.wales reports Ministers urged to halt right-to-buy scheme. The Right to Buy and associated rights has ended The Right to Buy and associated rights ended in Wales on the 26 January 2019, following the passing of the ‘Abolition of the Right to Buy and Associated Rights (Wales) Act 2018. Alternative Welsh Government schemes are available. Further information can be obtained by emailing righttobuy@gov.wales
An article on www.theguardian.com reports Ministers urged to halt right-to-buy scheme. More than 40% of former council homes now rented out by private landlords Ministers are facing calls to shelve Margaret Thatcher’s totemic right-to-buy scheme after a devastating analysis revealed that more than 40% of council houses sold under its terms in London are now privately rented. The damning findings of an analysis of Freedom of Information data also show that: • Tens of millions of pounds are b.....Read More