New Year’s boost for tenants aspiring to buy their own home
Date published: 03 January 2014
New Year’s boost for tenants aspiring to buy their own home
Further steps are being taken to reinvigorate the Right to Buy in 2014 so more tenants can aspire to buy their home.
The maximum discount for a house will increase from 60% to 70% of its value, and the £75,000 cap will start increasing in line with the Consumer Price Index rate of inflation.
Since 2011 almost 50,000 households have been helped onto the housing ladder – over 13,400 social tenants through the Right to Buy and over 36,000 through Help to Buy and earlier schemes.
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