Thousands of households show interest in Right to Buy

There has been a huge interest for the Right to Buy, with thousands of households registering every week, according to government figures.

The government are delivering on the promise to extend the Right to Buy to 1.3M housing association tenants, giving them the same home ownership opportunities as council tenants, with every property sold, replaced with an additional new affordable home.

The department for Communities and Local Government has revealed that 5,200 housing association tenants have registered their interest online, with a total of 170 people signing up every day.

Communities Secretary Greg Clark says this shows the huge interest in the initiative, which allows families in social housing the Right to Buy their property.

Communities Secretary Greg Clark said: “Social housing tenants share the same hopes and dreams as everyone else. They live in the same towns, their children go to the same schools, and they have the same ambitions for themselves and their families.

“They should be given the same opportunity, if they aspire to own their home. That is why we are extending Right to Buy to housing association tenants so they can have security of home ownership for themselves and their families”.

Housing Minister Brandon Lewis said: “There has already been huge interest in our Right to Buy extension, which forms part of our commitment to hard working people and transform Generation Rent into Generation Buy”.

According to the British Social Attitudes Survey, 86% of people aspire to own their own homes, and the government are continuing to support this with the Help to Buy: ISA which will be launched on the 1^st of December, allowing first time buyers to boost their savings by 25%. For every £200 saved, the government will add £50, up to a maximum of £3,000.

The government have launched a new radio advertising campaign that will promote the Right to Buy which will be followed by a national advert featuring TV property expert Phil Spencer.

 

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