Consultation: Reforming Right to Buy
Government state: “Right to Buy is an integral way for social tenants to get on the property ladder; many of whom may not otherwise be able to access home ownership. However, reform of Right to Buy is essential to better protect much-needed social housing stock, boost council capacity and build more social homes than we lose, supporting the government’s commitment to deliver the biggest increase in social and affordable housebuilding in a generation.”
The current consultation follows the reduction in maximum Right to Buy cash discounts, which was announced at Autumn Budget 2024, and asks for views on:
- the qualifying criteria for tenants
- initial and maximum discounts as a percentage of the property value
- which types of properties should be exempted under the scheme
- whether there should be increased restrictions on properties after sale
- the replacement of homes sold under the Right to Buy
- rules governing the use of Right to Buy receipts and how these could be simplified
This consultation closes on 15 January 2025. It may be accessed using the link below.