UK Parliament / Open data

Housing and Planning Bill

The noble Lord, Lord Porter, has not listened to what I said. Not one word did I say in opposition to right to buy. I did say that there was not the opportunity, once you have released that equity, necessarily to house a family. What happens, certainly under right to buy, which is the experience we have for council housing, is that councils are fearful—in fact, they would be foolish—to build houses subject to future right to buy because they will be constantly losing the equity value of it. It would be under right to buy constantly. Certainly in my experience of councils in West Yorkshire what is happening once a house is sold is those councils are either building properties that are not subject to right to buy or putting the equity into a community housing group so that they cannot be subject to right to buy. That is one of the problems that I have urged the Government to look at.

Type
Proceeding contribution
Reference
769 c1251 
Session
2015-16
Chamber / Committee
House of Lords chamber
Subjects
Back to top