Ruth Cadbury – 2015 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Ruth Cadbury on 2015-10-19.

To ask the Secretary of State for Communities and Local Government, if he will estimate the number of homes to be sold under the right to buy policy which are likely to become private rental properties (a) in total and (b) in London.

Brandon Lewis

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.

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.