Topic filter : Right To Buy

Most trending topics in Business & Finance ( last 24 hours ):
Airline Passenger Ryanair Transport Transport For London Uber Investment Investor Brexit Skilled Workforce Skilled Worker Interest Rate Building Society Low Interest Rate Debt Financial Market Commuter Controversy

Socially Most Trending News

.... Airbus owned just one share through a shell company called Yellow Sun Holdings in the tax haven of Curaçao, in the Caribbean. A secret agreement, however, granted Airbus the right to buy the UAE businessman out at any time, effectively seizing control of the company. ... [Read full article on Guardian ]
Monday 18th of September 2017 04:42:22 AM
Total Trend count
47
Most trending on :
47

Latest Finance News related to Right To Buy

Airbus launches internal corruption investigation after Guardian exposé image
Source : Guardian [Read Article] Monday 18th of September 2017 04:42:22 AM
.... Airbus owned just one share through a shell company called Yellow Sun Holdings in the tax haven of Curaçao, in the Caribbean. A secret agreement, however, granted Airbus the right to buy the UAE businessman out at any time, effectively seizing control of the company. ...
Duchy of Cornwall residents fight 'unfair' freehold ban image
Source : Guardian [Read Article] Monday 11th of September 2017 02:26:03 PM
....Prince Charles’s £1bn Duchy of Cornwall estate is facing a rebellion by residents who claim they are subject to an unfair ban on buying the freeholds to their homes. Residents in the historic duchy-owned village of Newton St Loe, near Bath, and in the Scilly Isles off the tip of Cornwall have urged the communities secretary, Sajid Javid, to scrap a unique ministerial undertaking that for decades has denied them the right to buy homes outright because they are part of the duchy, which provides Charles with a £20m-a-year private income. ...
Owners of ex-local authority homes face horror of bills running into thousands image
.... Leasehold owners can make “observations” but the local authority has no obligation to act on them. Council tenants taking up right to buy should receive an estimate for service charges for the initial five years, but once that period is up there are no limits. ...
One in seven UK private tenants pays more than half income in rent – study image
....”. Councils are swimming against a tide of right to buy sales that means they are losing much more of their stock than they are replacing. ...
Tory plans mean no one will be left to build homes | Michael Thirkettle image
.... After the second world war, council housebuilding was in the hundreds of thousands, reaching a peak of 220,000under the Conservatives in 1953. During the 1970s, councils built more than 1m homes, but that began falling from 1980, when the Margaret Thatcher government introduced right to buy. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
....Public housing accounted for a huge proportion of British accommodation throughout the 20th century. Since the 1980s, public housing stocks have been steadily eroded, through the combination of right to buy, which saw the sell-off of 2m council homes, and buy to let, which has resulted in 40% of those former council homes now being owned by private landlords, who rent them out for three and four times the amount that council tenants pay for the remaining local-authority-owned properties. ...
Sports Direct increases Debenhams stake to 16% image
Source : BBC [Read Article] Sunday 2nd of April 2017 08:35:42 AM
....09%. But instead of buying Debenhams shares outright, the sports firm instead holds "options in stock", which gives it a right to buy shares at a future date. ...
How one council is beating Britain's housing crisis image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
....• 1979 Margaret Thatcher becomes prime minister, at a time when two fifths of the British population are living in local authority housing. • 1980 Thatcher introduces the right to buy, prompting many tenants to buy their council homes. ...
SpiceJet in deal to buy 205 Boeing planes image
Source : BBC [Read Article] Friday 13th of January 2017 08:15:36 AM
....Indian airline SpiceJet has agreed to buy up to 205 new planes from Boeing - potentially worth $22bn (£18bn). The deal includes a firm order for 100 new planes, 55 from a earlier contract and the right to buy a further 55 jets. ...
Generation rent: official figures overstate UK home ownership - study image
Source : Guardian [Read Article] Tuesday 27th of December 2016 10:56:47 AM
....A study by the Resolution Foundation thinktank has shown that official figures have exaggerated home ownership, which has been in steady decline since 2002. The Office for National Statistics said the UK owner occupation rate rose sharply in the two decades after Margaret Thatcher’s government allowed council tenants the right to buy their homes at a discounted price. ...
How will the autumn statement affect you? image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 02:59:50 PM
....70 a year more after the change. Hammond said that a trial scheme of offering right to buy to housing association tenants would be extended, but to a regional pilot, not right across the country. ...
Autumn Statement: Extra £3.7bn for housing projects image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:18:50 PM
....However, recent figures suggest that the overall housing supply increased by 11% in the year to April 2016. The chancellor also announced a "large-scale" pilot of the right to buy scheme for housing association tenants. ...
Let's hope 'buy as you go' isn't just another chancers' lottery image
Source : Guardian [Read Article] Tuesday 8th of November 2016 10:52:38 AM
.... Confining someone to such a long period in one dwelling will also affect mobility. Will the equity accrued be portable if someone wants to move on? Who will select the lucky ones to use this scheme? What allocation system will be used? If government funding is underpinning the scheme with taxpayers’ money how should this work? We have seen examples of generous discounts given to sitting tenants in the past through the right to buy, which has seen more than 1. ...
Right to buy: one-for-one replacement pledge not being met, data suggests image
Source : Guardian [Read Article] Thursday 22nd of September 2016 06:16:00 PM
....”. Barwell said: “From London to Leeds, right to buy plays an important part in building a country that works for everyone, helping thousands of people become homeowners for the first time. ...
Reality Check image
Source : BBC [Read Article] Wednesday 7th of September 2016 02:18:43 PM
....The claim: Only one new house has been built for every five council houses sold under the right-to-buy policy, not one for one as was promised. Reality Check verdict: The promise was kept for the first year of the revamped right to buy, but the National Audit Office has warned that acquisitions and building will have to accelerate sharply if the government is to continue to keep that promise. ...
'Not much hope' for Jenny to buy home image
Source : BBC [Read Article] Wednesday 7th of September 2016 01:03:23 PM
....Jeremy Corbyn questioned a government commitment to replace council houses which are sold off. Theresa May told him his figures were wrong and that the government had "delivered on the one-for-one replacement on the right to buy". ...
The Guardian view on housing policy: a rethink is needed | Editorial image
Source : Guardian [Read Article] Thursday 11th of August 2016 06:41:58 PM
.... Far from the Tory dream of a Britain transformed into a property-owning democracy, the median price for a house is now nearly nine times the median income and generation rent struggles to put so much as a toe on the property ladder at all. Meanwhile, the long war of attrition against social housing goes on: right to buy, almost moribund by 2010, was fanned back into life with new and bigger discounts in the early coalition years. ...
Right-to-buy reform urged as council leaders fear for social housing image
Source : Guardian [Read Article] Wednesday 10th of August 2016 11:01:21 PM
....Council leaders in England have called on the government to make urgent reforms to the right-to-buy scheme, after figures showed that the number of sold-off homes replaced by local authorities fell by more than a quarter last year. Analysis by the Local Government Association (LGA) showed that 12,246 council homes were sold to tenants under right to buy in England in 2015-16, but just 2,055 replacements were started by councils – a drop of 27% on the previous year. ...
Housing bodies welcome end of Right to Buy in Scotland image
Source : BBC [Read Article] Sunday 31st of July 2016 09:15:10 AM
....The Association of Local Authority Chief Housing Officers (ALACHO) also welcomed the end of the policy. Policy manager Tony Cain said: "Ending the right to buy will allow social landlords to plan longer term, manage assets and income more effectively and most importantly to invest to increase the number of social rented homes for the first time since 1981. ...
London council launches 'right-to-invest' for low-income tenants image
Source : Guardian [Read Article] Thursday 30th of June 2016 09:24:27 AM
....An east London council has launched its own version of right-to-buy in a bid to help those on low incomes have a stake in the property market while holding onto much-needed social housing. The new right to invest scheme launched by Barking and Dagenham council will let tenants buy a share in their property using their right to buy discount. ...
Right to buy plans floated by Corbyn backed by centre-right thinktank image
. Radical plans floated by Jeremy Corbyn to extend the right to buy to tenants of private landlords have won the backing of a major centre-right thinktank as a way to address the affordability crisis facing young, aspiring homeowners. ...
The hard-hat chancellor: what kind of Britain is George Osborne building? image
.... Even those who see merit in its original introduction question the government’s decision to extend it to 2020. However, the direction of Treasury policy is to augment it with other plans, such as the starter homes initiative and the extension of right to buy to housing associations, which have the same objective of encouraging home ownership with short-lived boosts to affordability. ...
When sky-high repair bills can make right to buy the wrong choice image
Source : Guardian [Read Article] Saturday 28th of May 2016 05:59:26 AM
. Council tenants thinking of taking up the right to buy their home have been warned they could end up being virtually bankrupt by eye-watering major works bills from their local authority freeholder. ...
Housing crisis: affordable homes vanish as developers outmanoeuvre councils image
....So for Professor Danny Dorling, an Oxford University housing expert, haggling with developers to build cheap homes is “nasty planning” and should be abandoned. “We are losing social housing through right to buy at a far faster rate than section 106 agreements could ever replace it,” he said. ...
Jeremy Corbyn calls for new economics to tackle 'grotesque inequality' image
.... Today, technological change means we have to think more closely about ownership. “I’ve spoken before of moving beyond the Tory right to buy and creating a Labour right to own. ...
More rent than pay a mortgage: the Tory dream for London has crashed and burned | Aditya Chakrabortty image
.... Not with a parliament in which one in four MPs rents out property. Khan may boast of his council-estate upbringing as a badge of London authenticity, but after over 30 years of right to buy, that actually makes him a comparative rarity. ...
London had a sub-prime housing problem. Now it has a super-prime crisis image
Source : Guardian [Read Article] Wednesday 20th of April 2016 11:40:36 AM
....Somewhere along the line this all changed. The impact of Margaret Thatcher’s right to buy and the sell-off of millions of council homes is well known, although the incremental privatisation of every aspect of social and so-called “affordable housing” has been obscured by a media interested in property supplements ahead of housing. ...
Affordable housing sell-off 'would add £4bn to benefit bill' image
Source : Guardian [Read Article] Tuesday 19th of April 2016 06:00:16 AM
.... “We have set out the most ambitious vision for housing in a generation, investing £8bn to deliver 400,000 affordable homes,” said a spokesperson for the Department for Communities. “The sale of empty high-value council homes will enable receipts to be reinvested in building new homes that better meet local needs, while housing associations have committed to replacing every home sold through right to buy. ...
Only one in 10 homes sold under right to buy are replaced in England image
Source : Guardian [Read Article] Thursday 24th of March 2016 04:55:15 PM
. Local authorities in England have replaced one in 10 of the homes sold through right to buy since discounts were increased in 2012. ...
Pop-up village in south-east London to house homeless families image
Source : Guardian [Read Article] Friday 18th of March 2016 06:15:26 PM
....A council in south-east London has created what it describes as “the UK’s first pop-up village” to house families who are forced to live in B&Bs in other parts of the capital. Rapidly rising property prices and rents, combined with the loss of social housing through right to buy, have put councils under growing pressure to find new ways to help people off their housing lists. ...
Is the Blairs’ £27m property empire relevant to public anger about the housing crisis?  | Head to head image
....Thus did New Labour recast council tenants as extras in an episode of Shameless. Not only did he do nothing to stop the right to buy, which has eaten through public housing stock, but he also dreamed up the policy whereby councils seeking to repair their dilapidated flats and houses were forced to go to the private sector. ...
Most councils would not class starter homes as affordable, survey finds image
....The starter homes scheme, which is a central part of the government’s housing policy, allows developers to replace shared ownership and affordable rented homes with properties sold at a 20% discount on the market rate. The Town and Country Planning Association (TCPA) contacted 353 councils in England to find out what they thought of the scheme and other changes involving right to buy and social rents. ...
More families are renting and fewer people expect to ever own a home image
Source : Guardian [Read Article] Thursday 25th of February 2016 10:19:52 AM
.... The overall proportion of social tenants who expect to buy their current home has increased from 35% in 2010-11 to 42% in 2014-15. This follows the increase of right-to-buy discounts, and the planned extension of right to buy to housing association tenants. ...
The desperate councils buying back homes they were forced to sell image
Source : Guardian [Read Article] Friday 19th of February 2016 07:12:24 AM
. With housing waiting lists higher than ever, eviction rates rocketing and stock dwindling through right to buy and the impending compulsory sale of high value housing, some councils have resorted to desperate measures. ...
Date set for Lloyds' Supreme Court case  image
Source : Telegraph [Read Article] Thursday 18th of February 2016 10:57:45 AM
.... . The case has gone to the Supreme Court after the High Court found that Lloyds did not have the right to buy back high-interest bonds at face value but the Appeal Court disagreed. ...
When even Tory MPs can't buy homes, how can Cameron deny the crisis? image
Source : Guardian [Read Article] Friday 12th of February 2016 07:10:12 AM
.... Can Cameron accept the housing crisis needs to be solved, and rapidly, when even the besuited young Tories behind him during prime minister’s questions have limited options in terms of accommodation?. It seems unlikely: this week the communities and local government select committee released a damning report on the government’s housing policy, pointing out that right to buy has led to 40% of sold council homes ending up in the private rented sector for twice the initial rent, and that the policy the government are placing all hopes on – starter homes – is both unaffordable and likely to lead to wealthy people lining their pockets at taxpayers’ expense. ...
MPs slam funding plans for right to buy image
Source : Guardian [Read Article] Wednesday 10th of February 2016 01:50:22 PM
. The government is relying on an “extremely questionable” model to fund the extension of the right to buy to housing association homes in England, a parliamentary committee has warned. ...
MPs attack 'right-to-buy' housing model image
Source : BBC [Read Article] Wednesday 10th of February 2016 12:11:50 AM
.... . Ministers say that the sums raised from selling "high-value" council homes will pay not only for "right to buy" discounts, but also for the construction of cheaper social housing to replace them and a new £1bn Brownfield Regeneration Fund to support building on derelict land. ...
Lloyds goes ahead with bond buy-back despite Supreme Court hearing image
Source : Telegraph [Read Article] Tuesday 9th of February 2016 04:06:17 PM
.... The bank issued the bonds in exchange for others, including former building society "Pibs", at the height of the financial crisis as part of efforts to boost its reserves. But it later claimed that the bonds no longer counted as capital and said the terms and conditions gave it the right to buy back the bonds at par value in those circumstances. ...
If we want to solve the housing crisis, we must answer these three questions | Paul Mason image
....Maybe we need to start with principles: that everyone has a right to a home; that every person has a right to a minimum amount of space in that home; and that those who claim the right to own houses nobody lives in should pay a hefty, disincentivising penalty. Yes, that’s an infringement of the market – but housing in Britain has never been a free market: it is being created and re-created through regulation and deregulation – on benefits, on affordability, on building standards, on right to buy. ...
Lloyds goes ahead with repurchase of high-interest 'ECN' bonds image
Source : Telegraph [Read Article] Friday 29th of January 2016 03:52:10 PM
.... . They have argued that the new bonds' terms do not give Lloyds the right to buy them back at face value. ...
Investors' worries over Brexit lead to increased sterling volatility image
Source : Guardian [Read Article] Wednesday 27th of January 2016 08:00:17 AM
....1%. The negative values indicate that “puts”, which give option holders the right to sell to a counterparty a specific amount of a currency within a specified timeframe, are more expensive than “calls”, which mean option holders have the right to buy currency from a counterparty. ...
If you thought Corbynomics was crazy, take a look at Labour's John McDonnell image
.... The Labour leader’s shadow chancellor, John McDonnell, is taking the nonsense up to a whole new level – if he was in Spinal Tap, he’d have turned it up to 11, or perhaps even 12, by now. From giving workers the right to buy out their companies, to elevating quack economics to the national stage, to reviving the idea of direct state investment in companies, McDonnellomics is proving to be even crazier than Corbynomics. ...
The end of council housing image
Source : Guardian [Read Article] Monday 4th of January 2016 05:59:19 PM
.... But at the heart of what happened was a simple ideal – of dependable housing for everyone – and a plain social fact: that to live in a council house was perfectly normal. All that began to change in 1980, when the Thatcher government rolled out the right to buy, an idea that had been around since the late 1950s when a form of it was proposed by the Labour party. ...
Argentina's peso dives as controls end image
Source : BBC [Read Article] Thursday 17th of December 2015 03:48:30 PM
.... That is the rate at which the currency has been trading on the black market. Argentine Finance Minister Alfonso Prat-Gay said that the country's central bank had been given the right to buy pesos if the exchange rate fell too rapidly. ...
Slump in new public housing threatens chancellor's targets image
Source : Guardian [Read Article] Friday 11th of December 2015 07:05:26 PM
....“It’s been encouraging to see the government finally acknowledging our housing crisis, but schemes geared towards better-off first-time buyers can’t replace investment in genuinely affordable homes to rent or buy. “This is further compounded by the extension of right to buy, funded by the forced sale of thousands of council homes, which will further deplete the number of homes available for people on lower incomes. ...
Standard Chartered shareholders back £3.4bn rights issue image
Source : Telegraph [Read Article] Friday 11th of December 2015 09:32:47 AM
.... . The rights issue tapped up existing shareholders for more funds, offering them the right to buy two new shares for every seven already held. ...
Lloyds wins appeal over attempts to buy back high-interest bonds image
Source : Telegraph [Read Article] Thursday 10th of December 2015 10:15:27 AM
.... . The bank has claimed that the terms and conditions of the bonds give it the right to buy them back at face value in certain circumstances, but bondholders have challenged this view. ...
George Osborne's property-owning drive criticised by housing expert image
Source : Guardian [Read Article] Tuesday 1st of December 2015 08:08:19 PM
....”. Both Barker and Wolf were highly critical of the government’s policy, announced before the general election, of extending right to buy to tenants of housing association properties. ...
Spending review and housing:
.... “Funding shared ownership or social rented housing delivered under a planning agreement has been the gift that kept on giving. Even once sold through staircasing or the right to buy, receipts can be recycled into new housebuilding,” he said. ...
George Osborne's spending review cuts to hit social care and police image
Source : Guardian [Read Article] Wednesday 25th of November 2015 12:01:29 AM
....In his newest proposal, Osborne will set out plans for 135,000 help-to-buy shared ownership homes, allowing people to buy a share in their home and then buy more shares over time as and when they can afford it. The scheme is modelled on ideas first prepared by the work and pensions secretary, Iain Duncan Smith, seen as a development of right to buy in council homes and potentially a means of cutting the £25bn housing benefit bill. ...
Lack of affordable homes will exclude 350,000 by 2020 image
Source : Guardian [Read Article] Monday 16th of November 2015 12:01:06 AM
....The figures use current incomes and prices for buying and renting and assume a household can pay up to 30% of its gross income on housing. They do not include “any backlog of unmet need and the effect of falling stock levels due to right to buy and proposed sale of high-value council homes,” Savills said, which suggests the impact of rising prices could be even more severe. ...
Right to buy sales double in two years image
Source : BBC [Read Article] Thursday 12th of November 2015 02:30:02 PM
. The number of council homes in England sold under the right to buy scheme has more than doubled in two years. ...
Number of new homes up by 25% image
Source : Guardian [Read Article] Thursday 12th of November 2015 12:17:32 PM
....”. Separate figures, also from DCLG, showed the number of homes sold through right to buy increased by 5% in 2014/15, to reach 16,519. ...
The economics of scale: how housing became Britain’s biggest political issue | Andy Beckett image
.... In 1980, a year after taking office, her government abandoned the Parker Morris standards. It also introduced the right to buy for council tenants, drastically reduced the building of new social housing, and relaxed longstandingrestrictions on mortgage lending and landlords – in all these ways helping set in motion the property price spiral that has separated out Britain like a great social centrifuge ever since. ...
UK banks await windfall news from likely £14bn sale of Visa Europe image
Source : Guardian [Read Article] Sunday 1st of November 2015 07:01:02 PM
....Speculation that a deal is close to being clinched has mounted following a move by the US company to report is results early in the morning rather than after the US markets have closed. In its third-quarter trading update in July, the US company acknowledged it was interested in exercising a right to buy Visa Europe. ...
Housing bill will be catastrophic for London, says Sadiq Khan analysis image
Source : Guardian [Read Article] Monday 26th of October 2015 02:51:51 PM
....The housing crisis that has seen hundreds of thousands of people in London struggle with soaring rents and rising house prices will broaden dramatically because of a sharp reduction in affordable homes, according to research. Analysis of the government’s plans to extend the right to buy, and the forced sale of council houses in the housing bill, claims there will be more than 21,000 fewer affordable properties in the capital by 2020. ...
No Irish, no blacks, no dogs, no proof | Letters image
Source : Guardian [Read Article] Wednesday 21st of October 2015 06:41:17 PM
.... To achieve this it is proposing that HMRC divulges tenants’ otherwise confidential tax and income details to these private landlords. Housing associations have been vocal in their opposition to having the right to buy extended to them. ...
Crisis, what housing crisis? We just need fresh thinking | Simon Jenkins image
Source : Guardian [Read Article] Wednesday 30th of September 2015 07:18:21 PM
....7 That the answer lies in new social housing. Security of tenure and low turnover – not to mention right to buy – renders the fixed stock of public housing inflexible and immobile. ...
Housing bill needs  radical, long-term measures to reform the market image
Source : Guardian [Read Article] Friday 25th of September 2015 10:41:55 AM
.... So now it amounts to a subsidy for 200,000 fortunate households, at the cost of inadequate infrastructure provision and with less assurance that these units will add to previously planned supply. Related: The new right to buy is solving 1979’s problems at today’s expense | Gaby Hinsliff. ...
Why Labour must become the party of home ownership | Owen Jones image
Source : Guardian [Read Article] Friday 25th of September 2015 10:39:58 AM
.... Government schemes such as “Help-to-Buy” (never say the Tories aren’t clever at branding bad policies) have succeeded in pushing up house prices, perversely making home ownership even more of a fantastical dream for millions. And the legacy of right to buy – other than an epic social housing crisis – means that nearly four out of every 10 of the homes sold off under the scheme are now being rented out by private landlords. ...
Housing association chiefs and Tories propose right-to-buy deal image
Source : Guardian [Read Article] Thursday 24th of September 2015 06:12:56 PM
.... The proposal – an unabashed extension of the flagship Thatcherite right-to-buy policy – was a centrepiece of the Tory general election manifesto. Under the Conservative plans, housing association tenants were to be given the right to buy their home at a discount of up to £100,000, in line with existing right-to-buy arrangements for local authority homes. ...
From Oregon to Johannesburg, micro-hydropower offers a solution for drought hit cities image
....7m project in Portland was paid for by private investors Harbourton Alternative Energy, which will sell $2m worth of power over 20 years to privately owned PGE. After 20 years Portland Water Bureau will be given the right to buy the system and own the electricity it produces. ...
Money Talks: Right-to-buy and the housing crisis image
Source : Guardian [Read Article] Thursday 17th of September 2015 01:35:20 PM
....August mortgage lending in UK lays credit crunch to rest. 113,000 council homes to be sold to pay for right to buy – Shelter. ...
London nets third of latest 2,779 right-to-buy sales image
Source : Guardian [Read Article] Thursday 17th of September 2015 10:59:33 AM
....Councils in England sold 2,779 homes through right-to-buy between April and June, and started or bought 307 replacements. Related: 113,000 council homes to be sold to pay for right to buy – Shelter. ...
113,000 council homes to be sold to pay for right to buy – Shelter image
Source : Guardian [Read Article] Thursday 17th of September 2015 09:51:50 AM
....Related: London nets third of latest 2,779 right-to-buy sales. Under the plans, councils will be expected to sell-off the most expensive homes when they become vacant to fund the extension of the right to buy to 1. ...
Why are houses so expensive? You asked Google – here’s the answer | Dawn Foster image
.... Back in the early 1980s, around half the population of the country owned their own home, and half rented – 30% in social housing, from their local council, and 20% from private landlords. Margaret Thatcher’s introduction of right to buy meant that those who bought their council home saw the value of their subsidised purchase rise rapidly, meaning housing was seen less as a permanent home, more as an investment. ...
London property prices soar in outer boroughs creating 11 new '£1 million neighbourhoods' image
....The Chancellor George Osborne has been accused of worsening the UK housing crisis, which is most acute in London. Conservative policy has focussed almost exclusively on measures that boost housing demand and not supply, such as the right to buy, help to buy and rent to own schemes. ...
Jeremy Corbyn’s economics make no sense at all  image
Source : Telegraph [Read Article] Friday 4th of September 2015 06:19:43 PM
.... Jeremy Corbyn, who will most likely be elected as Labour’s leader next week, seems to specialise in appalling economic ideas. One of Corbynomics’ most absurd suggestions – and one that falls into the second of the two categories – is his little-noticed proposal to introduce a right to buy for private sector tenants. ...
Home shortage and lending rules: why Generation Rent is out of luck image
Source : Guardian [Read Article] Wednesday 2nd of September 2015 10:44:32 AM
....The new pension freedoms introduced in April by the chancellor, George Osborne, has seen buy to let surge again, pushing prices further out of the reach of Generation Rent. Critics argue that every government programme – help to buy, funding for lending, shared ownership, tax breaks for buy to let, and right to buy – will just inflate a new housing bubble if no new homes are forthcoming. ...
Lloyds 'ECN' bonds: Appeal Court considers its verdict image
Source : Telegraph [Read Article] Wednesday 2nd of September 2015 07:26:04 AM
.... . Lloyds has argued that the terms of the bonds give it the right to buy them back at par, or face, value, as opposed to the price prevailing in the market, if the bonds ceased to qualify as capital. ...
Small drop in asking prices fails to excite homebuyers image
Source : Guardian [Read Article] Sunday 16th of August 2015 11:01:07 PM
....”. Related: Why right to buy has been a definitive disaster | Owen Jones. ...
Housing is the nation’s most urgent and complex challenge. Yet we’re paralysed | Matthew Taylor image
....And every week there are further dazzling additions to the statistics. Last week’s big news, courtesy of a study carried out by Inside Housing magazine, from figures released by 91 councils under the Freedom of Information Act, revealed that 40% of homes purchased under the right to buy scheme in England are now rented out, most of them to tenants relying on housing benefit. ...
Why right to buy has been a definitive disaster | Owen Jones image
Source : Guardian [Read Article] Friday 14th of August 2015 10:43:29 AM
....But we have had more than three decades of the policy, and the results are in. According to an Inside Housing study, almost four in 10 ex-council houses sold off under right to buy are now being privately rented out by landlords. ...
Ex-council flat in central London sold for record £1.2m image
Source : Guardian [Read Article] Thursday 13th of August 2015 06:44:56 PM
....Since right-to-buy was introduced in the early 1980s more than 2m properties have been sold off across the country. Currently, council tenants in London can get discounts of up to £103,900 on their property if they decide to exercise their right to buy. ...
Why can't Britain build more homes? image
Source : BBC [Read Article] Tuesday 11th of August 2015 10:56:49 PM
...." . Giving those who rent from housing associations the same "right to buy" as council tenants will only make the problem worse, he adds. ...
London will lose half a million social homes under Tories, says Sadiq Khan image
....More than half a million affordable homes in London could be removed from the capital’s housing stock by the government’s housing policies, London mayoral hopeful Sadiq Khan has said, adding that the city faces a “housing catastrophe”. Research by Khan’s office suggests that 573,753 social homes in London could be eligible to be sold off under government plans to extend the right to buy to housing association tenants and to force local authorities to sell off their most valuable council homes to fund replacements. ...

Page rendered in 1.9690 seconds.