Helen Jones – 2015 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Helen Jones on 2015-10-20.

To ask the Secretary of State for Communities and Local Government, if he will estimate the number of homes in (a) Warrington and (b) Warrington North constituency which were sold under Right to Buy legislation and which have subsequently become privately rented properties.

Brandon Lewis

No estimate has been made as to how many homes sold under the Right to Buy have become private rented properties.

What a Right to Buy owner chooses to do with their property after they’ve bought it is up to them, just as it is for other home buyers on the open market. Mortgage providers and landlords may place restrictions on letting in the terms of the sale.

Under Right to Buy there are financial restrictions in place for re-sale within 5 years, and councils have the right of first refusal to buy back the property for up to 10 years at market value.