Property News · May 3, 2016

Councils 'to sell up to £145m of housing a year to fund right-to-buy'


Birmingham would be forced to sell the most council homes to help housing association tenants buy, says Shelter Councils in England face having to raise as much as £145m a year each by selling off their own housing to fund an extension of the right-to-buy scheme, housing charity Shelter has claimed.Under plans unveiled in 2015, local authorities will be required to sell “higher value” council homes when these become vacant. A chunk of the money raised would be used to fund discounts of up to £103,900 for housing association tenants who want to buy their homes. Continue reading…

Source : theguardian.com
Read more…Councils ‘to sell up to £145m of housing a year to fund right-to-buy’

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