Angela Rayner proposes stricter Right-to-Buy reforms despite personal profit from the scheme

Angela Rayner proposes stricter Right-to-Buy reforms despite personal profit from the scheme

0:03 AM, 22nd November 2024, About 3 days ago 7

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Angela Rayner has proposed tougher new rules for the Right-to-Buy scheme, despite having profited from it herself.

The Deputy Prime Minister has launched a consultation which she claims will make the scheme “fairer and more sustainable.”

In 2007, Ms Rayner used a 25% discount to purchase her former council house in Stockport for £79,000 through the Right-to-Buy scheme. She later sold the property and pocketed a profit of £48,500.

Newly built social homes should be exempt from the scheme

Under the proposed Labour government consultation, the government aims to increase the minimum three-year tenancy period required for tenants to be eligible to apply under the Right-to-Buy scheme.

The government is looking at whether newly built social homes should be exempt for a certain time to encourage more investment in new council housing.

The consultation is also seeking views on extending the period during which councils can ask for repayment of all or part of the discount when a property is sold, from five to ten years.

The consultation also proposes changes to the minimum and maximum discounts as a percentage of the property value, applying the same rules to both houses and flats.

Worst housing crisis in living memory

Angela Rayner says the Right-to-Buy scheme has contributed to the “worst housing crisis in living memory”.

According to government figures, fewer than 48,000 social homes have been built or acquired using Right to Buy receipts since 2012, despite over 124,000 council homes sold through the scheme across the same period.

Ms Rayner said: “For millions of people in the position I was once in, that first step into the secure social housing that changed my life has become a distant dream.

“Too many social homes have been sold off before they can be replaced, which has directly contributed to the worst housing crisis in living memory.

“We cannot fix the crisis without addressing this issue – it’s like trying to fill a bath when the plug’s not in.

“A fairer Right to Buy will help councils protect and increase their housing stock, while also keeping the pathway to homeownership there for those who otherwise might not have the opportunity to get on the housing ladder.”

The consultation will be open for eight weeks and the government will publish its response in due course.


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Ray Guselli

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9:40 AM, 22nd November 2024, About 3 days ago

Simply typical Labour...
Do as I say....
Not as I do...
All down to the politics of envy

Whiteskifreak Surrey

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9:52 AM, 22nd November 2024, About 3 days ago

Red Rayner - a Hypocrite of the Year!
Or maybe even of 10 years.

Imtiaz Farookhi

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10:38 AM, 22nd November 2024, About 3 days ago

Excellent. Selling state assets at a discount, drastically reducing social housing, privatising the provision of social housing - terrible policy. We need good council housing.

Freda Blogs

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12:30 PM, 22nd November 2024, About 3 days ago

“A fairer Right to Buy will help councils protect and increase their housing stock, while also keeping the pathway to homeownership there for those who otherwise might not have the opportunity to get on the housing ladder.”

Dear Ms Rayner

I have seen your soundbite. Please explain what you mean and why.

GlanACC

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8:18 AM, 23rd November 2024, About 2 days ago

I don't like Labour - but lets not be hypocritical, if you were in her shoes wouldn't you have purchased your council house - YES you would.

Ray Guselli

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8:25 AM, 23rd November 2024, About 2 days ago

Reply to the comment left by GlanACC at 23/11/2024 - 08:18
Is it not Rayner who is hypocritical: having enjoyed the substantial financial benefit of a policy and then proposing to potentially remove it ftom others?

I don't think we are being hypocritical...perhaps observant.

Of course most would have done as she did, but in typical Labour fashion, she reverts to, do as I say, not as I do.

GlanACC

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10:31 AM, 23rd November 2024, About 2 days ago

Reply to the comment left by Ray Guselli at 23/11/2024 - 08:25
and how many tenants who bough a discount council property then remortgaged it and bought another property to live in and rented out the council property (some without waiting the prescribed time).

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