UK Parliament home

This petition was submitted during the 2015 to 2017 Parliament

View other petitions from this Parliament

Closed Allow local councils to keep 100% of Right to Buy receipts.

Closed on

Under current regulations, councils in England are entitled to pay for 30% of the cost of replacing social housing with funds from the sale of Right to Buy properties. This means that, for every £1 of receipts they keep, they need to raise another £2.30 through loans.

The sale of social housing through the Right to Buy scheme could have been a good way for local councils to raise much-needed cash to build more homes. Unfortunately, the majority of it has ended up with central government as councils can't find the amounts of money needed to keep the receipts.
We are all well aware of the damage a shortage of available social housing has done and this change would allow the increase in home building that we so desperately need.

48 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 3 May 2017.