Sunday, 19 April 2015

CIH calls for rethink on right to buy

The Chartered Institute of Housing has called for a rethink of the government’s right to buy proposals ahead of an expected announcement on discount levels later this month.

Grainia Long, the CIH’s new chief executive, wrote to housing minister Grant Shapps, voicing fears that the expected £50,000 cap on discounts would lead to geographical inequality.

The Communities and Local Government department is expected to propose a discount of 60 per cent for houses and 70 per cent for flats.

The CIH has warned in low-value areas the discount could inhibit councils’ ability to fund housing, and in higher-value areas the cap would not increase demand.

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