4 Industry News
Managing Editor James Parker
Publisher Anthony Parker
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Finance Director Simon Reed
Angela Rayner has fi nally grasped the nettle (or possibly what could be described as a nettle bush) of Right to Buy, claiming that her team at the Ministry of Housing will deliver a “social rent revolution.”
MHCLG’s move to tighten up the Right to Buy criteria could certainly be a hugely impactful move, if it results in the curtailing of the continued sell-off . It is somewhat startling to sit back and take in the fact that over 2 million homes have been sold to council tenants since T atcher launched the scheme in 1980.
One of the fi nal acts of the Tories’ ill-fated Department of Levelling Up was to remove the one saving grace of the Right to Buy scheme, namely the ability of councils to retain 100% of receipts from sales, to reinvest in housing. Fortunately this was reversed by Labour in November 2024, as with approvals for social home building at a record low, this could have been the nail in the coffi n. However, Rayner followed this up by slashing discounts for those seeking to buy their council home, in an eff ort to protect dwindling housing stock, but meaning fewer receipts in the pipeline for HAs. In any case, it’s believed that over four in 10 homes sold under Right to Buy are actually owned by private landlords.
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T e details behind the £39bn investment in the Social and Aff ordable Homes announced by Chancellor Rachel Reeves in the Spending Review were confi rmed this summer by Rayner, putting some fl esh on the impressively constructed fi nancial skeleton. Labour’s nailed its colours to the mast, promising 300,000 new aff ordable homes over the next decade. And they are going to make tenants stay in their home for 10 years before they are considered for purchase under Right to Buy.
Rayner’s chief adversary is now (former Conservative Party deputy chair) Sir James Cleverly as Shadow Housing Secretary – he replaced the lower-profi le, former estate agent Kevin Hollinrake, and Cleverly himself no stranger to property issues. Now draſt ed in to box for the hot political issue of housing, the Tory Lord was a landlord in Lewisham for several years; an optimist might say this should bestow empathy for tenants, as well as the social landlords who are unable to meet their demand.
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On the cover...
Albert Jacob House in Bethnal Green, east London, will be demolished and turned into a new medium-rise development containing 53 homes, and fi ve commercial units on the ground fl oor for local businesses. See page 05.
Housing Management & Maintenance August/September 2025
AUGUST/SEPTEMBER 2025 HOUSING MANAGEMENT & MAINTENANCE
UNLOCKING POTENTIAL IN TOWER HAMLETS
Tower Hamlets Council approves plans to demolish one of its former offi ces in the capital’s most deprived Borough, in a collaborative project to provide 53 aff ordable homes
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