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Page last updated at 09:45 GMT, Monday, 12 March 2012

'Grand' housing scheme criticised


Social housing tenants could be offered discounts of up to £75,000 under plans to increase the numbers exercising the "right to buy" their home in England.

It means that for someone who has occupied a house for five years they will get 35 percent off and for those in flats, they will get 50 percent off.

Campbell Robb, chief executive of housing charity Shelter, said that this is "not the kind of grand schemes to get the market moving".

He said that these assets are going to be sold off and the government will use it for so-called "affordable rent" which is more expensive than what people would currently pay.

Campbell Robb said that people are "a third more likely to get into debt if they have right to buy".

Housing Minister Grant Shapps said that this re-invigorated Right to Buy scheme "meets the aspiration for people to buy their council houses and frees up cash to build more homes for affordable rental."

He conceded that "this measure alone will not solve the housing crisis but it does solve one piece of the puzzle."

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