Right-to-Buy scheme expansion set to benefit thousands

Right-to-Buy scheme expansion set to benefit thousands

More housing association tenants will have an opportunity to buy their homes through the Government’s right-to-buy scheme, as a result of the Chancellor’s plans for a ‘large-scale’ pilot programme.

In his Autumn Statement, Philip Hammond confirmed he would drive the right-to-buy scheme forward, giving thousands of housing association tenants the chance to become homeowners for the first time.

The scheme will allow eligible tenants, who have lived in their property for 10 years or more, to buy them at a discount of up to 70 per cent, and is intended to help more people to become homeowners.


Pete Ball, chief executive of personal finance at specialist lender Together, commented: “We welcome the Government’s announcement of an extensive pilot of right-to-buy for housing association tenants; a move that, if successful, should help thousands of tenants to get onto the housing ladder. We have been providing right-to-buy loans to council tenants for over 10 years and last year alone, helped hundreds of customers to buy their rented property and become homeowners. Unfortunately a large proportion of these tenants are often unable to borrow from mainstream lenders because of the type of property, or because of their income stream.

We cater for a variety of income sources, including DWP, and for a range of property types, as well as those with a less-than-perfect credit history, and we have committed funding of  £100m for right-to-buy customers. It is encouraging that this pilot, if successful, could give many more consumers the chance they were hoping for.”

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Spencer Fortag
Spencer Fortag 30 Nov 2016

I am glad that someone listened to me!

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Tony Gimple
Tony Gimple 27 Nov 2016

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Sally Walmsley 18 Nov 2016

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Sheryl87 18 Nov 2016

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Sheryl87
Sheryl87 18 Nov 2016

Renting out your house can be risky business. It's good to think about residential landlords insurance. Standard cover includes buildings cover and cover for loss of rent following damage to a property...

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AmberMorris
AmberMorris 09 Nov 2016

Fear of ghosts, really?? Ok, I get the fear of bats in the attic and mice and rats running under your nose - those are easy to deal with pest issues which are really unpleasant and can turn you off. But...

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AmberMorris
AmberMorris 08 Nov 2016

In my experience, It has always been a matter of discussion between the landlord and the tenant. There are cases when it's clear who's responsible for the pest control costs. I see a lot of people in forums...

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warren
warren 08 Nov 2016

There you go buddy :)

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Agent_PeeBee
Agent_PeeBee 07 Nov 2016

Any reason why my comment to this 'article' has not been published?

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Sean Lees
Sean Lees 04 Nov 2016

I don't think anyone can say dogs or cats are better or worse; depends on the animal, its age, how long it's left inside, etc. How bad the mess is depends somewhat on whether you are renting furniture...

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daniel black
daniel black 25 Oct 2016

I've been keeping a close eye on what the effect of Brexit has been on the rental market and it's a very mixed bag. Whilst the majority of the news focuses on London's market. I think this time next year...

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Northerner
Northerner 20 Oct 2016

Any views from outside the M25? No wonder politicians can't get the housing big picture when everyone seems to think that London is the yard stick, when it absolutely is not.

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