Government Extending Right to Buy to Housing Association Tenants
Housing association tenants will be able to buy up to 50% of their home
24th January 2005
The government have unveiled plans to extend the Right to Buy scheme to housing association tenants.
Under the plan, which is intended to help people build up equity and get on the property ladder, tenants will be able to buy up to 50% of their home. When they come to sell, the housing association will have first refusal on the share.
Other measures in the 5 year plan to help first time buyers include building low cost homes on government land and selling only the house and not the land - knocking around 40% off the purchase price.
Read More: BBC Report
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