The Labour government is expected to make major changes to the Right To Buy scheme launched in the 1980s.
The future of the Right To Buy scheme rests largely in the hands of Deputy Prime Minister Angela Rayner
Michael Heseltine described the advent of RTB as "laying the foundations of one of the most important social revolutions of the century", but was selling off council houses more cheaply than new ones could be built simply laying the foundations of a housing crisis?Historically, money raised from selling off council houses has not gone far towards building new ones - new ones desperately needed, considering about 1.3 million people are on waiting lists for them in England.
Rayner has said recently she may impose restrictions so that people who move into newly built council houses will not be able to buy them in the future. On Merseyside, virtually all former council housing stock was transferred to housing associations over the last two decades. And once someone has lived in an RSL property for three years, they can apply for the Right To Acquire.
Blackpool Council’s cabinet member for economy and the built environment, Mark Smith, is clear that while the money generated from RTB sales is used to support various investments in housing, the RTB receipts his council receives are "not sufficient to replace lost social rent housing". Under the new Labour government policies, councils and housing associations are being given “more freedom” to decide how to use their RTB money.
Sources within the social housing sector say that in the past the "policy has never achieved anything like a one-for-one replacement ratio"."Yes, a Right To Buy home continues to be a home after it’s sold, but it contributes to a huge loss of social housing stock and contributes to housing waiting lists, or people having to live in unsuitable accommodation.
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