Districts call for extension of Right to Buy receipts proposal
0The government should extend a proposal to extend the time limit for spending existing Right to Buy receipts to money already collected, according to the District Councils Network.
In its response to the government consultation on changes to the use of Right to Buy sales receipts, it said there is no logical reason why future receipts should be subject to a shorter time frame compared to existing receipts.
It said: “We support the time limit for spending existing Right to Buy receipts being extended from three years to five years so that councils can maximise the benefits of the housing borrowing cap being scrapped, to build much needed homes in their local areas.
“However, this proposal must be extended to the use of future receipts so that councils can ensure that they achieve best value.”
