The Prime Minister has formally relaunched right to buy with discounts of up to £75,000 available for social housing tenants wishing to buy their homes. Homes sold under right to buy will be replaced by new homes for affordable rent. Councils will be able to keep additional sales receipts if they sign up to an agreement that they will limit the use of those receipts to 30% of the cost of the replacement homes, and source the remainder of funding elsewhere
The government marked today’s introduction of enhanced Right to Buy discounts with a press campaign accompanied by a new Right to Buy facebook page to help councils inform tenants of their rights