Right to Buy policy framework

E28084

The Right to Buy policy framework is a UK government scheme that allows eligible social housing tenants to purchase their homes at a discount, aiming to increase homeownership.

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Statements (48)

Predicate Object
instanceOf government scheme
homeownership policy
housing policy
administeredBy local authorities
registered social landlords
appliesTo council housing tenants
social housing tenants
some housing association tenants
benefit purchase discount on property price
country United Kingdom
criticisedFor contributing to housing affordability pressures
reducing social housing stock
discountDependsOn length of tenancy
type of property
discountType percentage reduction from market value
feature eligibility criteria based on tenancy length
exclusions for certain types of housing
maximum discount cap
requirement that property is self-contained
requirement that property is tenant’s only or main home
geographicScope England
Northern Ireland
surface form: Northern Ireland (with variations)

Kingdom of Scotland
surface form: Scotland (historically, before abolition)

Wales (historically, before abolition)
hasCondition possible restrictions on resale
repayment of some discount if property sold within specified period
hasOutcome reduction in number of council-owned homes
transfer of ownership from public to private sector
implementedThrough statutory right for qualifying tenants to buy
introducedBy Conservative government of the United Kingdom
surface form: UK Conservative government
introducedUnderPrimeMinister Margaret Thatcher
legalBasis Housing Act 1980
policyArea homeownership
housing tenure
social housing
purpose enable social tenants to buy their homes
increase homeownership
relatedConcept social housing privatisation
tenants’ purchase rights
relatedPolicy Right to Acquire
requires Right to Buy application to landlord
completion of conveyancing process
tenant not be in serious rent arrears
valuation of the property
startDate 1980
supportedFor expanding property ownership
promoting individual asset accumulation
targetGroup long-term social tenants

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.