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Right to Buy poll results: Scheme revival slammed as ‘crazy idea’ by readers | Personal Finance | Finance

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Prime Minister Boris Johnson is seeking to introduce a Margaret Thatcher-style scheme to assist tens of millions of Britons get on the property ladder. The Right to Buy proposal will allow 2.5 million households in England the chance to buy their homes from housing associations at a reduced price.

As well as, billions of kilos paid by the Government in housing advantages could possibly be used to assist recipients secure mortgages.

Mr Johnson told officials to develop plans last month to assist support “generation rent”.

In a poll that ran from 10am on Tuesday, May 3, to midday on Tuesday, May 10, Express.co.uk asked: “Should Boris Johnson revive the Right to Buy scheme?”

In total, 1,050 readers solid their votes with the dominant response – 62 percent (646 people) being “no”, Mr Johnson mustn’t revive the Right to Buy scheme.

Meanwhile, 38 percent (397 people) said “yes”, the Right to Buy scheme ought to be revived.

An additional seven people said they didn’t know either way.

Dozens of comments were left below the accompanying article with readers sharing their thoughts on the Right to Buy scheme.

Many were concerned concerning the low variety of council properties within the UK, like username ChwaraeTeg, who said: “Thatcher’s ‘Right to Buy scheme’ decimated council housing stock.”

And username Tolstoi said: “No. Until we’ve a much increased social housing stock then all council house sales ought to be stopped.”

And username LozzyS said: “Crazy idea, surely this may just add to the shortage of inexpensive housing and make people’s lives a misery, especially the homeless, there’s not enough inexpensive housing because it is.”

Chief executive of homelessness charity Shelter Polly Neate said the policy was a “hare-brained idea” and was “the other of what the country needs”.

She said: “There couldn’t be a worse time to dump what stays of our last truly inexpensive social homes.”

Other readers were more positive concerning the scheme of their comments.

Username RonniePotter said: “Every thing that is completed to get people owning their very own house is strictly what is required. 

“Nonetheless, I agree the cash from the sale ought to be reinvested in recent housing.”

And username SKAR wrote: “Yes. But replace houses sold.”

Margaret Thatcher introduced an analogous policy in 1980 that allowed council tenants to buy their properties at a reduced rate.

Some readers felt positive about Ms Thatcher’s Right to Buy scheme, like username BROX77, who said: “I’ve no issue with the correct to purchase. I purchased mine under Thatcher and I’m still there. Why not, neatest thing I did back within the day.”

The scheme brought a wave of social mobility alongside but decreased social housing stock.

Its revival could help the Conservatives’ levelling up goals but Labour has branded the plan as “desperate”.

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