William Eichler 09 October 2018

Councils call for extension on time limit for all Right to Buy receipts

District councils have urged the Government to extend the time limit for spending Right to Buy receipts for both existing and future receipts.

Under the current system, local authorities have five years to spend their existing Right to Buy receipts. However, they still only have three years in which to spend future receipts.

The District Councils’ Network (DCN) argued in a submission to the Government on the use of receipts from Right to Buy sales that having two different time limits for receipts that are used for the same purpose - house building - is ‘illogical’.

‘We support the time limit for spending existing Right to Buy receipts being extended from three years to five years so that councils can maximise the benefits of the housing borrowing cap being scrapped, to build much needed homes in their local areas,’ said Cllr Sharon Taylor, the DCN finance lead.

‘However, this proposal must be extended to the use of future receipts so that councils can ensure that they achieve best value. There is no logical reason why future receipts should be subject to a shorter time frame compared to existing receipts.’

DCN also said that for particularly complex and high value regeneration schemes, there should be a limit of seven years to avoid deterring major housing delivery projects.

They added the 30% cap on Right to Buy contributions should be increased to 100% to allow councils to play ‘a full part in delivering the Government’s ambitions for social housing.’

SIGN UP
For your free daily news bulletin
Highways jobs

Executive Director – Adult Social Care, Health & Wellbeing

Sefton Borough Council
£131,208 (Hay 1)
Lead with Purpose. Build on Excellence. Shape the Future of Health and Wellbeing in Sefton. Sefton (Metropolitan borough), Merseyside
Recuriter: Sefton Borough Council

Strategic Finance Business Partners (five roles)

Nottingham City Council
up to £80k
Nottingham is a bold, vibrant, and exciting Core City at the heart of the UK, alive with potential and ambition. Nottingham, Nottinghamshire
Recuriter: Nottingham City Council

Director of Finance (Strategy) – deputy S151

Nottingham City Council
up to £125k
Nottingham is a bold, vibrant, and exciting Core City at the heart of the UK, alive with potential and ambition. Nottingham, Nottinghamshire
Recuriter: Nottingham City Council

Customer Specialist

Essex County Council
Up to £25081.00 per annum
Customer SpecialistPermanent, Part Time£25,081 pro rataLocation
Recuriter: Essex County Council

Customer Specialist

Essex County Council
£25081.00 - £27653.00 per annum
Customer SpecialistPermanent, Part Time£25,081 to £27,653 pro rataLocation
Recuriter: Essex County Council
Linkedin Banner