Right to Buy

1. Should only be available to low income households

2.  Cannot be sold for minimum of 25 years from date of purchase

3. Can only be sold on to low income household if sold within 25 year period or sold back to local council for re renting

4. Local council must only re rent if property purchased back from tenant

5. Qualifying period for RTB should be at least 10 years rental of property

6. Council to provide mortgage or approve mortgage lender

Why the contribution is important

To avoid properties being sold for max profit to buy to let landlords and council selling on properties instead of renting to low income families.

by trisoa on May 25, 2017 at 09:34AM

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