Labour leadership candidate Jeremy Corbyn has launched a consultation on a new policy aimed at getting more people into secure homes.
He says it is time look giving private sector tenants a ‘right to buy.’
Jeremy Corbyn said:
‘We know that Generation Rent faces an uphill struggle simply to get into long-term housing. We have seen some good ideas from Labour to establish more secure tenancies for renters. Now we need to go further and think of new ways to get more people into secure housing.
‘So why not go with Right to Buy, with the same discounts as offered by way of subsidised mortgage rates, but for private tenants and funded by withdrawing the £14 billion tax allowances currently given to Buy to Let landlords.
‘I believe this idea could open up the possibility of real secure housing for many currently faced with insecurity and high rents. I will be consulting Labour members and the wider public about this proposal over the summer, as part of a package of housing policies to get people into the homes they desperately need.’