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Evening Standard
Evening Standard
Business
Mark Banham

Housing association right-to-buy proposals welcomed by lenders

Boris Johnson Nationwide NatWest

The government has put forward an ambitious plan for housing association tenants to own their own properties (PA)

(Picture: PA Wire)

The Prime Minister Boris Johnson’s plans to offer the 2.5 million housing association tenants in the UK the right to buy their own homes at discounted rates has been met with approval from Britain’s mortgage lenders.

Currently, tenants in council homes are eligible to buy their homes at a discounted price, up to 70% off the market value, dependent on how long they have lived there.

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