550:
556:
787:, From Right to Buy to Buy to Let, showed that 36% of homes sold under Right to Buy in London (52,000 homes) were being rented by councils from private landlords, leading to criticisms that the scheme "represents incredibly poor value for money to taxpayers" since it "helped to fuel the increase in the housing benefit bill, heaped more pressure on local authority waiting lists and led to more Londoners being forced into the under-regulated private rented sector". A survey in 2013 showed around one third of Right to Buy houses were now owned by private landlords, while the son of the late
609:, in his role as Secretary of State for the Environment, was in charge of implementing the legislation. Some 6,000,000 people were affected; about one in three actually purchased their housing unit. Heseltine noted that "no single piece of legislation has enabled the transfer of so much capital wealth from the state to the people". He said the right to buy had two main objectives: to give people what they wanted and to reverse the trend of ever-increasing dominance of the state over the life of the individual.
543:
134:
2199:
91:
617:
the average discount that had by then actually been given was 44%. The local authority was obliged to offer a mortgage with no deposit. The discount depended on how long tenants had been living in the house, with the proviso that if they subsequently sold their house within a minimum period they would have to pay back a proportion of the discount. The policy became one of the major points of
71:, which has fallen from nearly 6.5 million units in 1979 to roughly 2 million units in 2017, while also being credited as the main driver of the 15% rise in home ownership, which rose from 55% of householders in 1979 to a peak of 71% in 2003; this figure has declined in England since the late 2000s to 63% in 2017.
668:(council or housing association) and offer them the right of first refusal. If the previous landlord was no longer in existence, for example in cases where the former landlord was a registered social landlord that has ceased business, then the property had to first be offered to the local housing authority.
709:
As of 2 April 2012, the Right to Buy discount was increased to a maximum of £75,000 or 60% of the house value (70% for a flat) depending on which is lower. In March 2013, the maximum discount in London was increased to £100,000. The maximum right to buy discount increases each financial year in line
667:
The Right to Buy rules were changed in 2005. Five years' tenancy was now required for new tenants to qualify, and properties purchased after
January 2005 could no longer immediately be placed on the open market should the owner decide to sell. Such owners now had to approach their previous landlord
616:
The sale price of a council house was based on its market valuation, discounted initially by between 33% and 50% (up to 70% for council flats), which was said to reflect the rents paid by tenants and also to encourage take-up; the maximum discount was raised to 60% in 1984 and 70% in 1986. By 1988,
612:
He said: "There is in this country a deeply ingrained desire for home ownership. The
Government believe that this spirit should be fostered. It reflects the wishes of the people, ensures the wide spread of wealth through society, encourages a personal desire to improve and modernise one's own home,
678:
The FCA's governance of Right to Buy purchases was partly to solve the widespread problem of Right to Buy mis-selling from brokers and solicitors alike. They all had their own agendas, and many were charging excessive fees that were then taken out of their client's discount. The above actions that
636:
Half the proceeds of the sales were paid to the local authorities, but the government restricted authorities' use of most of the money to reducing their debt until it was cleared rather than spending it on building more homes. The effect was to reduce the council housing stock, especially in areas
66:
of housing association dwellings built with public subsidy after 1997, at a smaller discount. By 1997, over 1,700,000 dwellings in the UK had been sold under the scheme since its introduction in 1980, with the scheme being cited as one of the major factors in the drastic reduction in the amount of
713:
The aim of the scheme is, for every additional home sold, a new home will be built for 'affordable rent' at up to 80% of market rent, aimed at maintaining the level of affordable housing while also increasing the number of properties available for those on the waiting list. The five year tenancy
794:
In 2015, Alan Murie concluded that "the proposed extension of right-to-buy could not easily be reconciled with the independence and charitable status of housing associations" and that "extending the right-to-buy to housing association tenants revived a previous
Parliamentary debate and raised
798:
A 2017 BBC survey of council areas where waiting lists were rising showed the councils had bought back houses they had been forced to sell, sometimes at many times the original price. Housing charities criticised the lack of investment in affordable housing.
624:
The policy proved immediately popular. Some local Labour-controlled councils were opposed, but the legislation prevented them from blocking purchases and enabled them to redeem debt. Sales were much higher in the south and east of
England than in
640:
In 1982, 200,000 council houses were sold to their tenants. By 1987, more than 1,000,000 council houses in the UK had been sold to their tenants, although the number of council houses purchased by tenants declined during the 1990s.
705:
proposed to increase Right to Buy discounts in order to revitalise the housing market and generate receipts which could be spent on new housing. Social housing professionals expressed concerns over the proposal.
78:. Critics claim that the policy compounded a housing shortage for people of low income, initiated a national house price bubble, and led ultimately to what is commonly recognised as the displacement and
686:
think tank suggested, as part of a review of principles for social housing reform, that the right to buy should be extended into equity slivers, which could be part-earned through being a good tenant.
555:
264:
254:
1727:
2106:
1981:
227:
580:
106:
to their tenants since the
Housing Act 1936, but until the early 1970s such sales were limited: between 1957 and 1964, some 16,000 council houses were sold in England. The
772:
Commercially and socially valuable council assets were sold at below their market value or replacement cost, which can be seen to be an imprudent waste of public money;
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714:
criterion will remain, and should the property be sold within the first five years of the original sale, part or all of the discount will be required to be paid back.
415:
1810:
188:
1245:
775:
The remaining stock of council housing was concentrated in undesirable areas with little employment opportunity, further isolating and stigmatising the tenants.
659:, it reduced the discount available to tenants in local authorities which had severe pressure on their housing stock; this included almost the whole of London.
117:
In the meantime, council house sales to tenants began to increase. Some 7,000 were sold to their tenants during 1970; this soared to more than 45,000 in 1972.
1922:
957:
613:
enables parents to accrue wealth for their children and stimulates the attitudes of independence and self-reliance that are the bedrock of a free society."
531:
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220:
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276:
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2036:
633:. Sales were restricted to general-needs housing; adapted properties and those built specifically for older people were exempted from the scheme.
573:
2144:
2139:
2202:
1713:
499:
259:
170:
1102:
1971:
908:
883:
180:
114:, which they lost. In 1968, a circular was issued limiting sales in cities but was withdrawn by an incoming Conservative government in 1970.
2258:
2123:
1879:
1869:
1815:
1391:
769:
Speculating investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs;
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55:
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1060:. "Every tenant, however, will have a chance first to buy from the Council the house he lives in; " Retrieved 6 April 2012.
2233:
2154:
2149:
1993:
1944:
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1736:
1228:
718:
309:
75:
1691:
400:
2238:
734:
672:
1324:
1269:
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confirmed that Right to Buy would be abolished in
Scotland from 2017. It was in the end abolished as a part of the
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456:
451:
390:
385:
380:
375:
339:
334:
329:
324:
2253:
1998:
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795:
questions about the legal position of charities and the risks faced by housing associations and their funders".
1905:
1845:
515:
481:
363:
68:
542:
110:
initially proposed the idea of the right of tenants to own the house they live in, in their manifesto for the
1127:
1057:
991:
1830:
439:
314:
297:
671:
The time in which a Right to Buy conveyance should take place was reduced from 12 months to 3 months. The
405:
679:
have been taken coupled with the end of the boom period seem to have brought this problem under control.
652:, the Conservative government claimed to voters that a Labour government would still abolish the scheme.
1976:
1964:
1917:
1825:
1285:
395:
1444:. The Scottish Government's guide for tenants of social housing. November 2014. Retrieved 31 July 2016.
2076:
2071:
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2031:
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813:
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2003:
1857:
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486:
51:
2008:
1959:
1954:
1900:
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204:
1376:
935:
1506:
1273:
968:
936:"The Right to Buy Public Housing in Britain: A Welfare Analysis- Institute for Fiscal Studies"
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504:
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107:
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general election but dropped its official opposition to the scheme in 1985. However, at the
630:
602:
833:
2228:
1986:
1768:
1695:
1298:
780:
425:
133:
63:
1637:
Murie, Alan. "Housing and the
Environment," in Dennis Kavanagh and Anthony Seldon, eds.,
1538:
1929:
1477:"Welsh Government|Abolition of the Right to Buy and Associated Rights (Wales) Act 2018"
754:
281:
199:
79:
43:
2217:
1852:
1215:
1155:
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476:
344:
103:
47:
644:
The Labour Party was initially against the sales and pledged to oppose them at the
626:
58:
to buy, at a large discount, the council house they are living in. There is also a
1454:
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1416:
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1609:
1949:
1705:
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where property prices were high, such as London and the south-east of
England.
90:
1939:
1934:
1912:
784:
1277:
1197:
601:
in May 1979, the legislation to implement the Right to Buy was passed in the
420:
95:
17:
1669:
Comparing the Right to Buy in
England, Scotland, Wales and Northern Ireland
1392:"Experts say housing bill signals end of the road for affordable housing"
1070:
35:
858:
788:
765:
The Right to Buy scheme has been criticised for the following reasons:
683:
1128:"House of Commons Research Paper 99/36 30 March 1999 The Right to Buy"
992:"House of Commons Research Paper 99/36 30 March 1999 The Right to Buy"
1685:
1671:
Briefing Paper Number 07174, 12 June 2015, House of
Commons Library
750:
89:
39:
675:(FCA) now governed and regulated most types of mortgage selling.
1558:"Meet the new class of landlords profiting from Generation Rent"
34:
scheme is a policy in the United Kingdom, with the exception of
1709:
1664:, Briefing Paper No 07224, 9 June 2015 House of Commons Library
1647:
The Right to Buy: Analysis & Evaluation of a Housing Policy
689:
The qualifying period changed from 5 years to 3 years in 2018.
909:"Council housing numbers hit lowest point since records began"
27:
Home ownership policy active in England and Northern Ireland
1539:"Councils are renting sold Right to Buy homes, says report"
757:
in December 2017, and the scheme ended on 26 January 2019.
1103:"The right to buy: the housing crisis that Thatcher built"
1455:"Housing bodies welcome end of Right to Buy in Scotland"
1218:, BBC News, 18 November 2005. Retrieved 13 January 2012.
956:
Ministry of Housing, Communities, and Local Government.
721:
extended right-to-buy to housing association tenants.
1503:
Built to Last?: Reflections on British Housing Policy
791:(Thatcher's housing minister) owned some 40 houses.
2163:
2132:
2024:
2017:
1893:
1803:
1782:
1761:
1021:"Minister of State (Minister for Housing) - GOV.UK"
958:"English Housing Survey- Home ownership 2016-2017"
1175:Margaret Thatcher: From Grantham to the Falklands
834:"Right to Buy - buying your council home- GOV.UK"
1252:, 1987. Getty Images. Retrieved 13 January 2012.
1229:"1979: Council tenants will have 'right to buy'"
1351:"Reforming the Right to Buy in 2012 & 2013"
934:Disney, Richard; Luo, Guannan (December 2014).
102:Local authorities have had the ability to sell
884:"Welsh Government | Buying your council house"
1721:
1087:"Housing Bill – Provisions and Enactment" in
574:
8:
973:: CS1 maint: multiple names: authors list (
195:Secretary of State for Education and Science
1417:"'Right to buy' to be scrapped in Scotland"
1314:, Localis, 2009. Retrieved 13 January 2012.
2021:
1728:
1714:
1706:
749:proposed a law to abolish Right to Buy in
581:
567:
124:
986:
984:
189:Public Bodies (Admission to Meetings) Act
1610:"Town halls buy back Right-to-Buy homes"
1584:"The Right to Buy: History and Prospect"
472:1990 leadership election and resignation
74:Right to Buy is the jurisdiction of the
1246:Newspaper advert for Conservative Party
825:
710:with CPI as at the previous September.
127:
1682:Right to Buy: buying your council home
1294:
1283:
1263:"Findings. Housing research programme"
966:
779:A report published in January 2013 by
349:
2107:Grants, Construction and Regeneration
655:When Labour returned to power at the
7:
1662:Extending the Right to Buy (England)
1312:Principles for Social Housing Reform
234:Prime Minister of the United Kingdom
1700:Office of the Deputy Prime Minister
1698: (archived 21 November 2005) (
1650:(Blackwell Publishing Ltd., 2006).
1556:Patrick Collinson (28 June 2013).
42:from 26 January 2019, which gives
25:
1657:second edition London, Routledge.
1196:Milligan, Brian (10 April 2013).
1071:"What future for social housing?"
2198:
2197:
1644:Jones, Colin & Murie, Alan.
1582:Murie, Alan (11 November 2015).
1525:From Right to Buy to Buy to Let
1101:Beckett, Andy (26 August 2015).
554:
548:
541:
132:
1527:From Right to Buy to Buy to Let
1390:Foster, Dawn (5 January 2016).
1198:"Right-to-buy: A tainted gift?"
1089:Keesing's Contemporary Archives
228:1979 VoNC in Callaghan ministry
1505:. ROOF Magazine. p. 214.
1442:The Right to Buy Notice Period
719:Housing and Planning Bill 2016
289:Articles by ministry and term:
94:Council-type housing stock in
1:
1865:Minister of State for Housing
1737:Housing in the United Kingdom
1653:Forrest R and Murie A (1990)
1355:Commons Library Standard Note
753:. This law was passed by the
699:Conservative Party Conference
663:Right to Buy rules after 2005
76:Minister of State for Housing
1091:v. 27, January 1981 p. 30644
943:Institute for Fiscal Studies
310:"The lady's not for turning"
82:of traditional communities.
2259:Housing in Northern Ireland
1660:Wilson W and Bate A (2015)
1325:"SALE! (while stocks last)"
1058:1959 Labour Party manifesto
859:"Right to buy - mygov.scot"
745:In the summer of 2017, the
735:Housing (Scotland) Act 2014
673:Financial Conduct Authority
98:, now mostly owner-occupied
2275:
2249:Public housing in Scotland
1270:Joseph Rowntree Foundation
1216:Thatcher years in graphics
2224:Public housing in England
2193:
2133:Housing and town planning
1743:
1655:Selling the Welfare State
1608:Alex Homer (3 May 2017).
205:Withdrawal of school milk
1906:Birmingham Back to Backs
1457:. BBC News. 31 July 2016
517:The Downing Street Years
462:1989 leadership election
221:1975 leadership election
211:Leader of the Opposition
141:This article is part of
69:social housing in the UK
38:since 1 August 2016 and
2244:Law of Northern Ireland
1158:, "It's on the house,"
1841:Reduction Bill 2016–17
1293:Cite journal requires
99:
1501:Grant, Carol (1992).
1250:Saatchi & Saatchi
657:1997 general election
650:1987 general election
396:Anglo-Irish Agreement
112:1959 general election
93:
2234:English property law
1588:History & Policy
814:The Housing Question
737:from 1 August 2016.
52:housing associations
1858:Housing Corporation
1748:Housing in Scotland
1639:The Thatcher Effect
1562:Guardian Newspapers
1235:. 20 December 1979.
1186:Murrie (1989) p 221
731:Scottish Government
487:Sermon on the Mound
2239:Scots property law
2018:Parliamentary acts
1960:Reema construction
1545:. 13 January 2014.
915:. 16 November 2017
729:In July 2013, the
500:Ceremonial funeral
100:
2211:
2210:
2189:
2188:
1816:Energy efficiency
1377:"Affordable Rent"
1331:. 13 January 2012
838:righttobuy.gov.uk
607:Michael Heseltine
595:Margaret Thatcher
591:
590:
525:The Path to Power
411:Joint Declaration
171:Electoral history
158:
157:
150:Margaret Thatcher
121:Thatcher policies
16:(Redirected from
2266:
2254:Housing in Wales
2201:
2200:
2022:
2004:Weavers' cottage
1783:Cities and towns
1753:Housing in Wales
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1641:(1989) pp 213–25
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1077:. 4 August 2011.
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1044:MKoore, Thatcher
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747:Welsh Government
631:northern England
603:Housing Act 1980
583:
576:
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558:
552:
551:
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495:Post-premiership
445:1987 re-election
406:Brighton bombing
369:1983 re-election
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136:
129:
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60:Right to Acquire
21:
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2164:Working classes
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2013:
1987:Two-up two-down
1965:Wimpey no-fines
1918:English country
1889:
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1696:Wayback Machine
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1632:Further reading
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1543:BBC London News
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1357:. UK Parliament
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1163:11 October 2002
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1137:. 30 March 1999
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1001:. 30 March 1999
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781:London Assembly
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181:MP for Finchley
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64:assured tenants
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1870:Public Housing
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2009:Wealden hall
1994:Tower blocks
1955:Atholl steel
1901:Back-to-back
1875:Right to Buy
1874:
1821:Homelessness
1692:Right to Buy
1668:
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1617:. Retrieved
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1396:The Guardian
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272:Appointments
166:Bibliography
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31:
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18:Right-to-buy
1836:Gatekeeping
1401:16 December
1141:12 February
1030:22 November
1005:12 February
809:Help to Buy
619:Thatcherism
467:1990 budget
457:1989 budget
452:1988 budget
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376:1984 budget
340:1983 budget
335:1982 budget
330:1981 budget
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250:Thatcherism
239:Premiership
56:legal right
2218:Categories
1335:13 January
1025:www.gov.uk
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785:Tom Copley
761:Criticisms
533:Statecraft
1999:Townhouse
1885:Squatting
1795:Liverpool
1774:Edwardian
1769:Victorian
1481:gov.wales
1278:0958-3084
1214:Slide 4,
1056:Housing,
888:gov.wales
434:1987–1990
421:UK rebate
358:1983–1987
292:1979–1983
277:Ministers
96:Weaverham
50:and some
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1972:Terraced
1894:Variants
1846:Scotland
1826:Act 2002
1614:BBC News
1421:BBC News
1233:BBC News
1202:BBC News
1075:BBC News
969:cite web
803:See also
725:Scotland
482:Poll tax
401:Big Bang
260:economic
255:domestic
245:Policies
48:councils
36:Scotland
2025:Housing
1831:England
1804:General
1790:Glasgow
1694:at the
1688:website
1684:at the
1461:31 July
1379:. DCLG.
1361:12 June
1112:27 June
789:Ian Gow
783:member
684:Localis
597:became
176:Honours
86:History
2229:Rights
1977:Byelaw
1930:Estate
1686:GOV.UK
1593:5 July
1509:
1427:3 July
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1177:(2013)
593:After
535:(2003)
527:(1995)
519:(1993)
505:Legacy
315:"TINA"
1950:Airey
1619:3 May
1567:3 May
1266:(PDF)
1131:(PDF)
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751:Wales
741:Wales
265:other
40:Wales
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1507:ISBN
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1299:help
1274:ISSN
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1114:2017
1032:2020
1007:2020
975:link
921:2019
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