Right to Buy information drive kicks off

Published on

Grant Shapps, housing minister

Housing minister Grant Shapps has announced a marketing drive to tell social tenants about larger RIght to Buy discounts.

A new call centre and website have now gone live to help aspiring home-owners among England’s 2.5 million social tenants get advice and information about changes to the Right to Buy.

Launched in April, the rejiged scheme offers eligible tenants discounts of up to £75,000 off the value of their home, with a “national” pledge that every additional property sold will be replaced with a new affordable home to rent.

Research commissioned by the Department for Communities and Local Government suggests that many council and housing association tenants are unaware of the changes – or unsure whether they are eligible to apply.

Shapps said: “For years, the Right to Buy for council tenants was undermined by punitive cuts to the discounts available, locking the door to home ownership for millions of hard-working people.

“Now, our revitalised Right to Buy scheme has trebled the discount in many areas, and has led to a surge in interest from aspiring homeowners across the country. But our research clearly shows that too many tenants are still in the dark about what this could mean for them.

“That’s why today I’m launching a dedicated call centre and website for anyone wanting to use their Right to Buy so that those wanting to buy their council home are equipped with all the facts, make an informed decision and take full advantage of the revitalised scheme to feel the pride of home ownership.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

LiveMore reduces selected standard and RIO rates

Specialist later life lender LiveMore has announced a package of interest rate reductions across...

Hope Capital unveils lower-rate loan for commercial-to-residential conversions

Hope Capital has launched a new specialist commercial loan aimed at developers seeking to...

Government unveils decade-long infrastructure strategy

A 10-year infrastructure strategy pledging at least £725 billion in long-term funding has been...

Keychain implements bridging and commercial upgrade

Digital client platform Keychain has launched a suite of specialist workflows tailored to the...

British Business Bank backs Shawbrook with £10m in latest capital raise

The British Business Bank has reaffirmed its support for Shawbrook Bank with a £10m...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

LiveMore reduces selected standard and RIO rates

Specialist later life lender LiveMore has announced a package of interest rate reductions across...

Hope Capital unveils lower-rate loan for commercial-to-residential conversions

Hope Capital has launched a new specialist commercial loan aimed at developers seeking to...

Government unveils decade-long infrastructure strategy

A 10-year infrastructure strategy pledging at least £725 billion in long-term funding has been...