Labour Proposes Overhaul of Right to Buy Scheme

Angela Rayner outlines plans to reform Right to Buy to protect social housing stock and address the housing crisis.

Labour is considering extending the eligibility period for the Right to Buy scheme, potentially increasing it from three to ten years.
Deputy Prime Minister Angela Rayner aims to implement a one-for-one replacement policy for social homes sold under the scheme.
The proposed reforms include not extending Right to Buy to housing associations, a move supported by the National Housing Federation.
Rayner acknowledges her personal benefit from Right to Buy but stresses the need for change to prevent the depletion of social housing.
The government is consulting on various aspects of the scheme, including discount rates and protections for newly built properties.