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Chancellor allocates funding for 3,000 Right to Buy homes

Philip Hammond 620px

In the Autumn Statement, the Chancellor announced that the Government will fund a so-called “large-scale” regional pilot of the Right to Buy scheme for housing association tenants.

The pilot will enable more than 3,000 tenants to buy their own home with Right to Buy discounts.

Commenting on the pilot, north London estate agent and former RICS residential chairman Jeremy Leaf says: “It sounds to me as though the government is kicking this into the long grass. It was a manifesto commitment to roll it out across the country but the government isn’t going to do that now because it is nervous about the cost.

“One size does not fit all when it comes to housing and what is appropriate in one area where there is a shortage, or the type of property may not be suitable – three-bed semis for example, rather than flats in tower blocks. There is another supply issue here because stock is not being replaced on a one-for-one basis, as was originally promised.”



Precise and Crystal launch Right to Buy product

Precise Mortgages has teamed up with Crystal Specialist Finance to offer an exclusive Right to Buy product with a valuation fee refund of up to £630. This product is available to all local authority or housing association tenants in England who want to buy their house through the Right to Buy scheme. Rates start from […]


Housing body wants voluntary Right to Buy reform

The National Housing Federation has called on the Government to allow its planned extension to the Right to Buy to be voluntary for housing associations. If the Government agrees, it will represent a step back from one of the Conservatives’ manifesto promises, which would have forced housing associations to sell their properties to tenants at a […]


Only one council home built for every nine sold under Right to Buy

Since the government’s like-for-like promise to replace homes sold under Right to Buy with new council properties in 2012, just one home has been built for every nine sold, official data shows. Responding to government figures reveal that since the scheme was introduced 32,288 homes have been sold and just 3,644 homes have been started […]


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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