Have your say on government e-petitions

Reduce Right to Buy Discount

Submitted on Thursday 27th March 2014

Published on Wednesday 2nd April 2014

Current status: Closed

Closed: Monday 30th March 2015

Signatures: 3

Tagged with

5 years ~ Council ~ Money

Petition Action

Reduce Right to Buy Discount

Additional Information

It is grossly unfair on all those who buy modest houses immediately and have to take out 95% mortgages, that others who have been lucky can have a superior financial position a number of years later.

How can it be right if someone for example has a £100k house, with a £95k mortgage, who after five years on current rates may have paid off £5-6k, be in a worse position after 5 years compared to someone lucky enough to get to play the system

If you get a council house, after 5 years you will get a 35% discount. So the same house could of been bought for £65k

Making the person who was lucky enough to have a council house be in a position where they have equity of £35k.... compared to the mortgage payer of £7k

Who probably in that time has spent more in mortgage payments compared to the council tenant & probably spent money on renovations etc, that the council tenant had paid!

Therefore, any discount should be massively reduced, and only be done at 1% per annum!


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

3.148.106.105 Thu, 14 Nov 2024 23:24:53 +0000