When announcements were made that the Government would be reintroducing the Thatcher policy of ‘right to buy’ many people were shocked, and eyebrows were raised.
When announcements were made that the Government would be reintroducing the Thatcher policy of ‘right to buy’ many people were shocked, and eyebrows were raised.
Right to buy allows council tenants to buy their home from the council in order to give them the security of owning their own property. Many people who were stuck in a lifetime of rented accommodation due to property prices or the comfort of living in a certain area can take advantage of Government ISAs and the opportunity to buy.
Critics have slammed the policy stating that it is allowing private investors to buy social housing and rent them back to previous council tenants at a higher tenancy. But those in defence of the policy have praised the success in allowing more and more people to own their own home, something which years ago was a dream can now be turned into a reality.