News & Legal Updates
Sign up to news & legal updates
Readers of previous blogs know my views in relation to right to buy and I am very much of the view that owning a property in the UK is not only a mark of investment in a community it also increases social cohesion and improves society. Someone who owns part of their community takes more pride in it. The problem with the right to buy policy in the 80s was that the discount given was too great and Councils and Housing Associations were not allowed and were not given enough Central Government Support to build more properties. I would strongly advocate bringing back a right to buy policy with a slightly smaller discount, perhaps capped at a maximum of 50% and spread over a 5 to 7 year period. I think that this needs to be coupled with a grant basis from Central Government which would mean that every time a Housing Association sold a property they were given appropriate funding to assist in the building of another property. I also think that steps should be taken to change the valuation basis of Local Authority and Housing Association stock so that these assets can be used to allow Housing Associations to borrow against them and to build more properties.
As well as increasing the amount of social housing being built I think a correct right to buy policy will improve the communities and also help change the view in relation to what type of people social housing is there to help. I think that social housing as well as helping the poor and deprived will also have to focus in on hard working families and first time buyers who cannot afford to get on the housing ladder. The right to buy policy will give these people the assistance they require but also give them the opportunities to develop and move up.
Partner – Head of Property
The opinions expressed in this site are of the author(s) only and do not necessarily represent the opinions of Blackadders LLP.
Blackadders takes all reasonable steps to ensure that the content of this site is accurate and up to date. The site is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Site visitors should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this site. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.
Blackadders owns the copyright in this blog and all material contained on it. The material on this site may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.
Information passed to us via this site is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.
© Blackadders LLP 2011
Members of the Law Society of Scotland. Authorised to conduct Investment Business under the Financial Services & Markets Act 2000 by the Financial Services Authority.
Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.Back to News & Legal updates