View more on these topics

Call for Right to Buy rethink

The Scottish Federation of Housing Associations is urging the first minister to change the Right to Buy policy.

The SFHA wants the Scottish Executive policy on Right to Buy changed to provide a boost to Scotland’s dwindling supply of affordable rented housing.

In a letter to the first minister Jack McConnell, the SFHA points out that by excluding the Right to Buy policy from new council and housing association tenancies, 200,000 houses could be removed from eligibility for Right to Buy between 2007-12.

Additionally, rented housing supply could be further protected by abandoning the extension of Right to Buy to thousands of housing association properties in 2012.

The letter coincides with the launch of the SFHA’s campaign booklet, Stop the Housing Drain, which calls for changes to be made as soon as possible after the Executive has reported to parliament on Right to Buy in 2006.

David Bookbinder, policy co- ordinator at the SFHA, says: “We’re not calling for the Right to Buy scheme to be scrapped altogether. Our proposals don’t involve taking the Right to Buy away from tenants who currently have that right in their existing tenancy.

“What we’re saying is that from a given date, new council and housing association tenancies should not include the Right to Buy so people taking up those tenancies will do so in the full knowledge of what the tenancy involves.

“Many people don’t realise that so much of the new housing the Scottish Executive is funding goes straight into eligibility for Right to Buy. This is economic madness at a time when decent rented housing is in such short supply. The sooner the law is changed, the sooner we can protect new and existing rented housing.”

Recommended

Rees takes M2000 PR role

Mortgage 2000 has appointed Lynne Rees as head of corporate communications. The role will involve PR for all areas of the Mortgage 2000 proposition. Rees has been with the company for over six years and will continue to report directly to managing director Sean Hornsby.

BM to chop branch network by 48

Birmingham Midshires is poised to pull the plug on 48 of its 67 branches through a phased programme that is scheduled to conclude in March next year. Following the conclusion of the programme, existing BM branch-based customers will have the option of banking at their nearest Halifax branch. The majority of these are situated within […]

Three year sentence for money laundering

Veysi Ertekin was today sentenced to three years imprisonment at Middlesex Guildhall Crown Court for money laundering the proceeds of drug dealing.Officers from HM Revenue & Customs observed two men, Mohsen Sadeghi-Kivi and Mansour Mohammadi collecting bags from other individuals in suspicious circumstances. Two of these hand-overs were between Mohammadi and Veysi Ertekin. Sadeghi-KiviI and […]

Small brokers should get this system to boost their admin

From Lee Martin I would like to share a secret with the small brokers out there who struggle to keep up with admin. I use a case management system which not only allows me to monitor the source of my business and helps with the decisions about where I spend money, but also allows me […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]

Newsletter

News and expert analysis straight to your inbox

Sign up