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Government scheme: right to buy and affordable housing.

Nov 21, 2011
As part of the new housing proposals announced this morning, the Government is to consult shortly on proposals to increase discounts under the right to buy, giving social tenants the opportunity to buy the homes they live in.

It says the discount will be improved dramatically and will be up to half the value of the home, making home ownership ever more achievable.

The receipts from additional right to buy sales will be used to support the funding of new affordable homes for rent on a 'one for one' basis, which the Government expects to deliver up to 100,000 new homes and support 200,000 jobs.

Assistance for people buying homes will be matched by support for the people who build them, from the largest housebuilder to people who want to build their own homes.

Affordable housing providers are in line to share almost £1.8bn cash to develop new affordable homes. The first £1bn worth of contracts  under the Affordable Homes Programme  have just been confirmed, putting the Government on track to deliver up to 170,000 new affordable homes across the country over the next four years.

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NN3 6BJ

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Email: info@selectms.co.uk

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Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
 
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