Published: 10th Jul 2019

Nottingham City Council is to buy back former council houses, including many sold off under the government’s controversial Right to Buy scheme. The council’s executive has approved plans to buy a total of more than 300 properties over the next four years in order to tackle the growing shortage of housing in the city. The properties will some newly-built homes, as well as council houses and flats that have previously been sold off through the Right To Buy scheme. All the purchases will be paid for using receipts from Right To Buy and council borrowing. The Right to Buy scheme was first introduced by Margaret Thatcher in the 1980s. Council tenants have the option to buy their home at a discount depending on how long they have lived there. Under the rules of the scheme, the local authority can spend the money from the sales on up to 30% of the … (To read the full article, subscribe below)