Posted 12.06.18
Local Government Association (LGA): Article link
The current system only allows councils to keep a third of each Right-to-Buy (RTB) receipt to build a replacement home and prevents local authorities from borrowing to make up the shortfall.
A new analysis by Savills, commissioned by the LGA, examines the impact of continued restrictions on councils' ability to borrow to build new homes.
It reveals that:
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