Laura Sharman 06 August 2014

Right to Buy discount cap increased

Right to Buy discount cap increased image

Right to Buy discounts for council housing tenants have been increased to as much as £77,000 off the value of their home outside London.

The higher discounts - which give £102,700 off the value of a house in the capital - have also been supported by a new team of experts to provide advice and information to tenants looking to buy their home.

The discount cap was increased to a maximum £75,000 outside London in 2013, but this limit will increase each year by the Consumer Price Index (CPI) level of inflation. The maximum percentage discount on houses has also increased from 60% to 70%.

 

Housing minister, Brandon Lewis, said: ‘Under the last government, the Right to Buy was allowed to wither on the vine, killing off hopes of home ownership for most social tenants because of a miserly discount. ‘We have reinvigorated the Right to Buy, increasing the discounts available to open it up to more tenants. Since the changes came into effect we have helped more than 19,500 people to buy their own home, generating £420m in receipts for new additional affordable housing.’

Figures show that more than 19,500 people have already purchased their home through the reinvigorated Right to Buy scheme.

The scheme was scrapped in Scotland earlier this year in a bid to stop the sale of up to 15,500 social homes over the next ten years.

Collaboration is the key to tackling homelessness image

Collaboration is the key to tackling homelessness

With the support of stakeholders, including forward-thinking local authorities, Beam’s innovative support model ‘swiftly removes every barrier faced by homeless people from entering the workforce’, says Seb Barker.
SIGN UP
For your free daily news bulletin
Highways jobs

Head of HR/OD

Babergh & Mid Suffolk
£60,000 circa
The role will involve working closely with the Senior Leadership Team and Chief Executive to lead our People Strategy and... Ipswich, Suffolk
Recuriter: Babergh & Mid Suffolk

Youth and Community Based Commissioner - Mid Essex

Essex County Council
£18117 - £19106.0 per annum
Annual Salary JNC Scale Points 3-6 £18,117 - £19,106 (1-2 in training) We are currently seeking a Youth and Community Based Commissioner to support t England, Essex, Chelmsford
Recuriter: Essex County Council

Strategic Rent Accountant

Camden London Borough Council
£45,504 - £52,786
The successful candidate will be self-managing, troubleshoot to overcome obstacles and have proven experience of working effectively with a... Camden, London (Greater)
Recuriter: Camden London Borough Council

Principal Policy and Projects Officer

Camden London Borough Council
£45,504 - £52,786
Successful candidate will be an experienced strategic thinker with experience of delivering large-scale programmes and projects. Camden, London (Greater)
Recuriter: Camden London Borough Council

Mental Health Social Care Manager

Suffolk County Council
£47,167
You will play a key part in the Mental Health Service provision in Suffolk, supported by our Mental Health Strategy... Ipswich, Suffolk
Recuriter: Suffolk County Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine