LEASE Training

Upcoming webinars - Wednesday 9 December, Property insurance: How to avoid changes in policy terms impacting on service charges

Upcoming classroom training - Park homes. Thursday 28 January in London

LEASE training programme
For training on residential leasehold law.
Section 20 Consultation
Service charges for residential leaseholders
Shared ownership
Tackling bad management
Courses can be fully tailored to your requirements.




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News story

Reinvigorating Right to Buy in England

The government has announced the launch of a reinvigorated Right to Buy policy.

Introduced in 1980 the original Right to Buy scheme gave tenants of both local authorities and non-charitable housing associations the chance to buy their home at a discount if they have been public sector tenants for at least five years. The discount increases with the length of the tenancy and for flats starts at 50% rising to a maximum of 70%. There is also a maximum cap on the discount which varies between £16,000 and £38,000 depending on the geographical location of the property. To encourage more take-up of the Right to Buy the government intends to increase the maximum cap across England to £75,000. The statutory instrument came in on 2 April, bringing the increase into effect.

The government announced its intention to increase the caps in Laying the Foundations: A Housing Strategy for England which set out the aim to ensure receipts on additional homes sold under the scheme are used to fund replacement, on a one-for-one basis, with new affordable homes for rent.

(News story added: 12 March 2012)