Saturday, 19 November 2011

Right to buy, here in Wales ...

... the politicians will probably say no to the people.

Across the boundary that was Offa's Dyke David Cameron and Nick Clegg will reveal details on Monday of their vision to democratise housing further, Margaret Thatchers flagship programme of council house sales is to be upgraded to meet the challenges of the 21st century.

The average £26,000 discount for a council home is set to jump to about £52,000, with tenants in London and the South East saving even larger sums under the new scheme, additionally first-time buyers will be eligible for 95 per cent mortgages, similar to those available at the height of the property boom five years ago, and underwritten by the government.  Will the new loan guarantee result in lenders providing mortgages with deposits of only 5 per cent, compared with the 20 per cent or more that has to be paid at the moment?

Mr Cameron will also confirm plans to release thousands of acres of public land owned by hospitals, schools and the Ministry of Defence to allow, in theory, up to 100,000 homes to be built.

Good news?  Probably, it has every chance of working, the right ingredients are ready to put into the mixing bowl, unfortunately for the peoples of Wales mainstream politics is firmly embedded in the politics of the last century so the scheme is unlikely to migrate westwards ..............

.............. yet we all pay the same taxes ?


  1. You missed the best part of the Tory housing plan - money raised from the sales of council housing will be ring-fenced and is only allowed to be used to build more. That each one sold must be replaced with a like-for-like. That the houses sold can never be re-sold as anything other than affordable housing to prevent speculators.

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