Angela Rayner Announces Major Overhaul of Right to Buy Scheme
The Deputy Prime Minister plans to significantly reduce discounts and extend qualifying periods to protect England's social housing stock.
- Angela Rayner is set to cut Right to Buy discounts from 70% to around 25%, aiming to curb the sale of council homes.
- Current qualifying period for tenants to buy their homes will be extended from three to ten years.
- Newly built social housing may be exempt from the Right to Buy scheme under the proposed changes.
- The government plans to invest nearly £1 billion in council housing to double the rate of new builds.
- Rayner's reforms are part of a broader strategy to address the housing crisis and reduce reliance on temporary accommodation.