Thomas Bridge 03 January 2014

Pickles reveals Right to Buy shake up

Social tenants will be able to purchase residences at a 70% discount under a newly expanded Right to Buy.

Maximum discounts available for a house under the scheme will increase by 10% this year, while the £75,000 cap will rise with the Consumer Price Index rate of inflation.

Communities secretary Eric Pickles confirmed funds raised by additional Right to Buy sales would be diverted into delivering new affordable homes for rent.

Over 13,400 social tenants have purchased residences through Right to Buy since prime minister David Cameron reinvigorated the scheme in 2011.

Pickles said: ‘For years the Right to Buy was slowly strangled, with a miserly cap on discounts killing the prospect of home ownership for most social tenants.

‘We will soon be increasing the maximum discount and ensuring it continues to rise with inflation, so more social tenants can make Right to Buy their New Year’s resolution for 2014.’

Responding to the announcement, Labour’s shadow housing minister Emma Reynolds said: ‘The Tory-led Government has failed to build the homes our country needs. Housebuilding is at its lowest peacetime level since the 1920s, contributing to the cost-of-living crisis families face.’

SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker - DBIT (Core) MID

Essex County Council
£37185.0000 - £50081.0000 per annum
Social Worker - DBIT (Core) MIDFixed Term, Full Time£37,185 to £50,081 per annum Location
Recuriter: Essex County Council

Senior Social Worker - Neighbourhood Team

Essex County Council
£46574.0000 - £56027.0000 per annum + Flexible Working, Hybrid Working
This is a part time opportunity for 22.5 hours per week. These hours will cover 3 days including a Thursday and Friday, plus one other day that can England, Essex, Clacton-On-Sea
Recuriter: Essex County Council

Markets Team Manager (Strategic Commissioning Manager)

The Royal Borough of Kensington & Chelsea Council
Negotiable
Drive real change in your community - shape the future of careDrive real change in your community - shape the future of careAt the Royal Borough of Ke England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

School Effectiveness Partner

Essex County Council
£62725.0000 - £73793.0000 per annum
School Effectiveness PartnerPermanent, Full Time£62,725 to £73,793 per annumLocation
Recuriter: Essex County Council

School Crossing Officer - Danbury Park Community School

Essex County Council
Up to £13.00 per hour
School Crossing Officer - Danbury Park Community SchoolPermanent, Part Time£13.00 per hourLocation
Recuriter: Essex County Council
Linkedin Banner