Powys County Council would like to submit an application to the Welsh Government to suspend the ‘Right to Buy’ the ‘Preserved Right to Buy’ and the ‘Right to Acquire’ scheme for a 5 year period.
This consultation is now closed
What is Right to Buy?
It allows eligible council and social housing tenants to buy their home at a discount of up to £8,000.
What's the current situation?
Since being introduced in 1980 a number of council housing tenants have sought to take advantage of this scheme and buy their council house or flat. The properties purchased under the scheme have predominantly been family homes.
Over that 35 year time frame, the number of properties owned by the council has dropped by 50%. We currently have 5,400 properties and since 1998/99 1,138 homes have been sold.
Why a suspension?
It would stop the loss of council housing, which would allow people who can't afford to buy their own home the opportunity to rent good quality and affordable homes from the council instead.
Consequences of suspension.
Current tenants would not be able to buy the home they are renting for a period of five years.