Labour cuts back on right to buy

With housing such a high profile issue locally, courtesy of a group of squatters, I thought it was worth highlighting what a Conservative government plans for social housing.

The goal is to extend the opportunity for social tenants across England, by:

• - Rewards for good behaviour: Offering tenants with a record of five years’ good tenant behaviour a 10% equity share in their social rented property, which can be cashed in when they want to move up the housing ladder.
• - A ‘Right to Move’: Introducing a comprehensive national mobility scheme for good tenants who wish to move to other social sector properties.
• - Supporting low-cost housing sector: Strengthening shared ownership schemes which allow those on intermediate incomes to part-own their home.
• - Cutting waiting lists: Relaxing the rules that prevent thousands of habitable empty properties being used to house those on local authority waiting lists.

Labour has cut back on council tenants' ‘right to buy’, making it increasingly hard for people on lower incomes to own their own homes. We want to find ways to help tenants get into the property ladder.

An independent report commissioned by the Government has highlighted the benefits of the Right to Buy in promoting home ownership, giving people a stake in the state of their neighbourhood and creating mixed communities:

“The Right to Buy was one of the most successful housing policies… because the policy enabled many households to become owner-occupiers who would not otherwise been able to do so… It has been a positive influence in maintaining mixed communities in spatial terms. It has also provided a cheaper access point into owner-occupation for lower income employed households helping to sustain mixed communities are these properties are transferred into the market.’

(ODPM, Lessons from the past, challenges for the future for housing policy)
http://www.communities.gov.uk/publications/housing/evaluationenglish

I’d be interested in your views on this, of course.

And if you’d like to know more about Conservative policy in this area check this out:http://www.conservatives.com/News/News_stories/2009/02/Our_plan_to_tackle_Britains_social_housing_crisis.aspx