The Labour Parliamentary candidate for Ellesmere Port and Neston, Justin Madders, has attacked the Conservative manifesto pledge to extend the Right to Buy to Housing Association tenants.
This would force Housing Associations, which are charitable or not for profit organisations, to sell their properties with with substantial discounts. It will not affect private tenants or private landlords.
“Housing Associations have to borrow from the banks to build houses and the properties are their collateral. How can they continue to borrow to build new homes if they have to sell off their assets? This policy will mean that far fewer affordable homes will built. Even with the discounts, many people will not be able to get a mortgage to buy their homes if they are out of work or on zero hours contracts.
This policy has not been thought through and will cost nearly 6 billion pounds – where is that coming from?”
The Labour Group on Cheshire West Council have pledged to build more social rented housing as part of their local manifesto. Councillor Angela Claydon, Labour’s housing spokesperson, added:
“Currently, this Government is forcing councils to sell off council housing with huge discounts. The council owns approximately 5,600 houses in Ellesmere Port and Neston, managed by Plus Dane. While we accept the Right to Buy, the maths do not add up. We are told that we can use the money to build another property, but last month for example, a 3 bedroom house in Ellesmere Port, valued at £107,000 was sold for £31,000. The council cannot build another 3 bedroom house for that!"
"If Labour wins control of Cheshire West in the local elections, our pledge is to deliver a minimum of 1,000 affordable homes over four years, with at least 200 additional social rented homes.”