On 8 June Boris Johnson announced his plans to boost home ownership in England. The plan includes extending the Government’s commitment to a ‘right to buy’ scheme for Housing Association residents and the ability to use benefit payments towards mortgage repayments.
So far we have no more details on how the scheme would work in practice. This means we don’t know who would be able to take advantage of the scheme or which homes may be eligible for the scheme.
When we know more we will publish information here, on our website.
About Right to Buy
The scheme was included in the Conservative Election Manifesto 2016. Eligible housing associations tenants will have the right to purchase a home at Right to Buy level discounts (subject to the Right to Buy eligibility requirements). Housing associations will have discretion not to sell a particular property. This would include homes built with charitable funds rather than public grant and homes that are adapted or part of a supported housing scheme. In these cases housing associations would offer tenants the opportunity to use their discount to buy an alternative home from either their own or another association’s stock.
How could this affect you?
The government is due to compensate the housing associations for the discounts offered to the tenants. Housing associations will then retain the sales receipt and be expected to reinvest in the delivery of new homes.
At present, we do not have any details about the scheme, including who will be eligible. We will update this website as more information becomes available.
You can read more about the deal on the government website or on the National Housing Federation website. If you complete the form below, we can send you updates when these are available to us.