Boris Johnson ‘plans to revive Right to Buy scheme to help the young people get on housing ladder’
Boris Johnson ‘plans to revive Margaret Thatcher’s Right to Buy scheme to help young people get on housing ladder’
PM told officials in last fortnight to develop the proposals to help generation rentThe plan was included in 2015 Tory election manifesto but it failed to materialise It was inspired by Margaret Thatcher’s Right To Buy scheme in the 1980s
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Millions of tenants could get the right to buy the homes they rent from housing associations, it was reported last night.
Boris Johnson told officials in the last fortnight to develop the proposals to help ‘generation rent’.
The plan is intended to give the 2.5million households in England who rent properties from associations the chance to purchase them at a discounted price.
The plan is intended to give the 2.5million households in England who rent properties from associations the chance to purchase them at a discounted price
The plan was inspired by Margaret Thatcher’s scheme that allowed families to buy homes from councils.
Officials are also considering using taxpayer money paid out in housing benefits to help recipients secure mortgages.
Downing Street believes the new version of Right to Buy would help poorer households in red wall seats, reported The Daily Telegraph.
The plan was included in the 2015 Tory election manifesto – but it failed to materialise.
But there’s criticism over whether prices could still be too high and that it would not solve the housing shortage.
A government source said: ‘The Prime Minister has got very excited about this. In many ways it is a replica of the great Maggie idea of ‘buy your own council flat’. It is ‘buy your own housing association flat.’
The plan was inspired by Margaret Thatcher’s scheme that allowed families to buy homes from councils
Robert Jenrick, who was housing secretary, said: ‘Conservatives must be the party of home ownership.’
It comes as the Tories look to give a boost to their campaign for Thursday’s local elections after the MP Neil Parish said he would resign as the MP for Tiverton and Honiton after admitting twice watching pornography in the Commons.
On Sunday, Business Secretary Kwasi Kwarteng insisted Mr Johnson would ‘absolutely’ remain leader no matter how badly the Tories fared in the council elections.
Pressure was also on Sir Keir Starmer to lead Labour to significant gains when polls in 200 local authorities across Britain open on Thursday.
