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Is Right to Buy still relevant or should it be rethought?

Alan Oliver, 31, business development account manager – In principle, everyone should have the right to buy a house. But the problem with the Right to Buy scheme is that it has not helped people to be able to afford this in the longer run because of inflated house prices. I don’t like the idea of people making profit through renting out or selling their council homes – it seems rather like the government giving money away. It’s madness. I think the government should adopt a different strategy with regard to Right to Buy but any change now could be too little, too late. Plus it could cause conflict with council tenants who might have the long-term aim of buying their homes.

Maxime Bazeley, 24, operations co-ordinator – In Australia, where I am from, the government has a similar scheme called the First Homebuyers Grant but that’s to help first-time buyers with deposits. I don’t know much about the Right to Buy scheme but I think it should only be available to people who have jobs. Buying a property is great but only if you can afford it, and I don’t think people should live in London if they can’t afford to. I also think they should build more schools before they build more social housing. People are having things handed to them on a plate.

Catherine Pryer, 23, operations co-ordinator – There is a conflict between helping people in social housing and building more social housing. I think it’s more important that people have somewhere to live rather than being able to buy their homes but there is no happy medium. For people in social housing, Right to Buy could be their only opportunity to buy a home. I just got a 100% mortgage and my repayments are so much each month that I think it’s a bit unfair that people are being given a better opportunity to buy a home because they are in social housing.

David Richardson, 29, sales manager – Everyone should have the right to buy a property and the government should invest more in housing for key workers like nurses. Perhaps Right to Buy should be replaced with an assisted housing scheme to help people in social housing, but this should be available for people who have lived in their homes for 15 to 20 years. Just a couple of years in a place is not the same thing.


Spicerhaart appoints corporate development director

Corporate finance lawyer Lucian Pollington has been appointed to the newly created position of corporate development director and general counsel at independent estate agency group, Spicerhaart, which also owns Mortgages Direct.Pollington, 44, has provided corporate finance and legal support to the company for over six years through his own company and his new role will […]

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N&P defends decision to raise SVR

Norwich and Peterborough has defended its decision to raise its mortgage rate by 0.19% to 6.49%. This is the first time the society has raised its SVR for 14 months but it has come in for criticism for doing so as there has been no base rate rise to prompt the increase. Alison Rolls, spokeswoman […]

Dear Delia

Dear Delia My client owns her home and two buy-to-let properties. She incurred a County Court judgement on one of the buy-to-let properties of 750 but has satisfied it and has no other adverse credit. She is in a comfortable financial position and keen to buy another property to add to her portfolio. Given her history of adverse credit, what are her options?

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


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