From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to for wider content and updates from UK Finance.

  1. Home
  2. News
  3. Week in Westminster
  4. Questions on right to buy proposals continue to be popular

Questions on right to buy proposals continue to be popular

Week in Westminster

Published: 26 June 2015

The extension of the right to buy scheme to housing association tenants continues to be a popular subject for written questions. Questions range from the governments dialogue on the scheme with financial institutions and housing associations; the project number of tenants and properties in terms of eligibility under the scheme; the average sale price of those properties; and the impact on the credit ratings of housing associations and their ability to raise finance.

An early day motion tabled by Labour MP Daniel Zeichner is calling for a public consultation on its plans to extend the right to buy scheme. Another tabled by Sadiq Khan expresses concern about the proposals particularly in respect of London and urges the government to make a commitment that no homes will be sold under the scheme until new like-for-like homes for social rent have been built in the same numbers and in the same local authority area.

The right to buy proposals were also referred to on a number of occasions during a debate in the House of Lords on increasing the supply of affordable housing introduced by Lord Whitty.

Other business in the Lords this week included oral questions on the private rented sector and the protection of tenants. And a short debate on the procedure for converting leaseholders to commonhold

The Scottish government has introduced its Land Reform Bill which will, among other things, encourage better information and greater transparency on the ownership of land through the land register.

And responding to a question on action to help home owners in negative equity, Northern Ireland’s minister for social development highlighted the way in which mortgage lenders can by using the transitional arrangements to move borrowers to a mortgage suitable mortgage product, or porting the mortgage to a new property.