{"id":3476,"date":"2012-01-06T11:23:50","date_gmt":"2012-01-06T10:23:50","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?p=3476"},"modified":"2012-01-06T17:04:56","modified_gmt":"2012-01-06T16:04:56","slug":"councils-in-fears-over-rtb-effectiveness","status":"publish","type":"post","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?p=3476","title":{"rendered":"Councils in fears over RTB effectiveness"},"content":{"rendered":"

PropertySurveying.co.uk<\/a> – With the Government currently consulting on proposals to increase the maximum discount under Right to Buy (RTB) to \u00c2\u00a350,000, fears are growing around local authorities that new homes will not be assured as a result.<\/p>\n

The consultation’s wording reiterates the Government’s commitment to replacing every social housing unit sold with another affordable home. Some councils, however, are arguing that the borrowing caps their financial resources are governed by restrict them from being able to raise the necessary capital for this goal. With unit values as low as \u00c2\u00a370,000 in some areas, some councils could be looking at receipts as low as \u00c2\u00a320,000 to build a new affordable house – something which the Communities and Local Government Department itself believes will cost \u00c2\u00a340,000 – \u00c2\u00a350,000 per unit.<\/p>\n","protected":false},"excerpt":{"rendered":"

PropertySurveying.co.uk – With the Government currently consulting on proposals to increase the maximum discount under Right to Buy (RTB) to \u00c2\u00a350,000, fears are growing around local authorities that new homes will not be assured as a result. The consultation’s wording reiterates the Government’s commitment to replacing every social housing unit sold with another affordable home. … Continue reading “Councils in fears over RTB effectiveness”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,5,13],"tags":[],"class_list":["post-3476","post","type-post","status-publish","format-standard","hentry","category-building-regulations-planning-section","category-construction","category-property-market-section"],"yoast_head":"\nCouncils in fears over RTB effectiveness - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?p=3476\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Councils in fears over RTB effectiveness - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"PropertySurveying.co.uk – With the Government currently consulting on proposals to increase the maximum discount under Right to Buy (RTB) to \u00c2\u00a350,000, fears are growing around local authorities that new homes will not be assured as a result. 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