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Right to Buy Scheme

Volume 458: debated on Monday 26 March 2007

To ask the Secretary of State for Communities and Local Government whether tenants on housing benefit may exercise the right to buy. (128093)

Tenants who are in receipt of housing benefit may exercise the right to buy if they meet the qualifying criteria—i.e. that they hold secure tenancies and have been public sector tenants for at least five years. However, their ability to do so would depend on the willingness of lenders to offer them mortgage finance, or the availability of financial assistance from family or friends.

To ask the Secretary of State for Communities and Local Government what the average (a) house price value and (b) cost to the purchaser was after the discount of a right to buy council property in England in (i) 1997 and (ii) the latest year for which figures are available. (129224)

In 1996-97 the average value of a council property sold through the right to buy scheme in England was £41,000; after the discount was applied this represented an average cost to the purchaser of £21,000.

In 2005-06 the average value of a council property sold through the right to buy scheme in England was £84,000; after the discount was applied this represented an average cost to the purchaser of £58,000.

To ask the Secretary of State for Communities and Local Government what the average net receipt to the public finances is from a right to buy sale. (129228)

The average capital receipt to the public finances from the sale of a council property through the right to buy scheme in England in 2005-06 was £58,000.

To ask the Secretary of State for Communities and Local Government how many homes have been sold under the right to buy since its introduction. (129229)

Between 1 October 1980 and 31 March 2006, 1,735,000 council properties have been sold through the right to buy scheme in England.