You are here: Home - Mortgages - Buy To Let - News -

Right to Buy campaign drive gets off the ground

Written by:
A PR drive to help social tenants understand the benefits of Right to Buy is underway, Housing Minister Grant Shapps has confirmed.

A dedicated call centre and user-friendly website have gone live to help aspiring home-owners get advice and information about changes to the Right to Buy.

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

Wandsworth and Birmingham City councils have reported a surge in interest from tenants since the discounts available under the Right to Buy increased.

Between April and June this year, Wandsworth council received 141 applications, compared to just 13 during the same period in 2011; and Birmingham City council received 463 applications in the three months to June 2012, compared to 219 during the same period in 2011.

However, research commissioned by the Department of Communities and Local Government (DCLG) found that many council and housing association tenants are unaware of the changes, or unsure whether they are eligible to apply.

Shapps said: “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 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, can make an informed decision and take full advantage of the revitalised scheme.”

Details of the scheme are available on the government’s Right to Buy website.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week