Labour could give private tenants chance to buy their rented homes

Labour could give private tenants chance to buy their rented homes


A Labour government could bring in a radical right-to-buy scheme if it gains power at the next general election. This will help millions of private tenants in the UK to buy their rented homes at a reasonable price, the shadow chancellor has suggested.

John McDonnell wants to make it easier for workers to buy the homes they live in, while also tackling what he calls the “burgeoning buy-to-let market” and the problem of landlords who do not maintain their properties.

The scheme, which would be a day of reckoning for many of Britain’s 2.6 million landlords, would echo Margaret Thatcher’s policy of the 1980s relating to government housing, under which millions of council tenants bought the property in which they lived.

For further information please see link below:

https://www.arla.co.uk/news/august-2019/landlords-would-be-hit-with-a-labour-government/