Tenants' Right to Buy at a Discount: Is It Fair to Landlords? | Property Breaking News

In this episode of Property Breaking News, we examine the contentious proposal of tenants' right to buy at a discounted rate, a policy once championed by Jeremy Corbyn in his manifesto. While selling directly to tenants can be a convenient option for landlords, concerns arise when the sale is forced below market value. Who determines what is 'reasonable,' and how does it compare to the open market value (OMV)? We explore the implications for landlords, tenants, and the property market as a whole. Don't miss this deep dive into one of the most debated topics in property. Remember to like, comment, and subscribe for more property insights!

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[siddiqachowdhury]

Honestly, private landlords are not local authorities

[sirrodneyffing]

It's insane; absolutely mad. Its plain criminal theft.

[hernanicudal]

Oh no! This is day light robbery against private landlords.

[siddiqachowdhury]

Why don't they do something about the energy price? Everyone is affected by this and most people have to stay hungry in order to warm up their houses

[laurabekala]

"You will own nothing and be happy" - K. Starmer

[markw]

Can you post the evidence of this proposal please

[CavershamJohn]

Last one out-please turn off the lights...!

[sangEta]

This is why councils no longer build council houses. They were forced to sell them below cost by Right to Buy.

[carolynsimpson]

My tenants have been in the property more than 2yrs but when they leave I am selling.

[blueybarnes]

They can’t buy it if I move back in myself and then sell it

[helena]

This right to buy is just being proposed for housing association tenants isn’t it? Not for tenants of private landlords on ASTs?

[Cashclever]

Right to buy and capital gains tax we could not even buy our own property’s back

[markrobinson]

Labour need to keep their nose out of our business. If you own the property you should be able to do whst you want with it or sell it it's upto you

[trixy]

HMO's will be too much hassle.. What we have to worry about is what are they gonna bring in to take more money from HMO landlords because you can bet your bottom dollar they will!

[PureSpirit]

So little information in this. Where can we see these proposals please? You have created more questions

[angusmcclelland]

This will destroy the rental housing market. Owners will cease rentals.

[danydany]

When is this law coming from?implementation.

[nasirahmed]

What if I got the house for my daughter

[kwadwo]

Where is the source for this proposal? I can’t see any evidence of this being proposed in parliament in 2024.

[simonsayer]

Has this actually passed into law or is it still under consultation?