Published: 30th Jan 2019

The leader of Newcastle City Council has called for a change to the controversial Right to Buy scheme to prevent homes from being sold ‘from under our feet as soon as they are built’. Speaking at an event organised by the think tank Centre for Cities, Cllr Nick Forbes said the rules around the Government programme need to be changed to stop losing homes back to the private sector. ‘In my city, about a third of the council houses sold under the Right to Buy in the 1980s and 1990s are now in the private rented sector, charging market rates,’ said Cllr Forbes. The Newcastle City Council leader added the Government’s decision last year to lift the cap on councils borrowing against assets to build new homes a ‘game changer when it comes to house building’. ‘We know we will not get significantly more capacity from the private sector,’ said … (To read the full article, subscribe below)