Welsh Assembly backs moves to suspend right to buy

Published on

A proposed new law that would allow the suspension of the right to buy, in areas of housing pressure, has been backed by a cross-party committee of Welsh Assembly Members.

The National Assembly for Wales’s Legislation Committee No.2 has supported, in principle, the proposed Housing (Wales) Measure.

If passed, it would give Welsh Ministers the power to approve the temporary suspension of the right to buy and right to acquire council or housing association-owned homes.

The proposed Measure will also give Welsh Ministers enhanced regulatory and intervention powers relating to Registered Social Landlords.

Committee Chair, Val Lloyd AM, said: “The Committee was pleased to see that steps are being taken to improve access to social housing in Wales

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

Teachers for Intermediaries raises new-build LTV limit to 95%

Teachers for Intermediaries has increased its maximum LTV on new-build houses and flats to...

Cambridge BS opens applications for deposit-building Rent to Home scheme

The Cambridge Building Society has opened applications for its Rent to Home property in...

Life changes could create new wave of accidental landlords

Changes in personal circumstances rather than investment plans could push more homeowners into the...

Remortgage searches jump 40% as borrowers return after summer

Remortgage activity drove a sharp rise in mortgage searches during September, with Twenty7tec recording...

Step One Finance adopts OMS origination platform

Step One Finance has introduced a bespoke loan origination system developed with One Mortgage...

Latest publication

Other news

Teachers for Intermediaries raises new-build LTV limit to 95%

Teachers for Intermediaries has increased its maximum LTV on new-build houses and flats to...

Cambridge BS opens applications for deposit-building Rent to Home scheme

The Cambridge Building Society has opened applications for its Rent to Home property in...

Life changes could create new wave of accidental landlords

Changes in personal circumstances rather than investment plans could push more homeowners into the...