The GOV.UK website recently posted that new figures show more than 36,000 new homeowners have been created through the reinvigorated Right to Buy since 2012.

“Housing Minister Brandon Lewis said it was proof that the Right to Buy was fulfilling the aspirations of hard-working people, and reaffirmed the government’s commitment to extend the scheme to housing association tenants.

Helping aspiring homeowners and housebuilding are key parts of the government’s long-term economic plan.

Since the Right to Buy was reinvigorated, nearly £860 million in sales receipts is being re-invested in house building; levering a further £2 billion of investment over the next 3 years. This means that in total, over £2.8 billion will be raised to invest in affordable house building as a result of the as a result of Right to Buy.

For the full article on the GOV.UK website visit https://www.gov.uk/government/news/36000-new-homeowners-thanks-to-right-to-buy