Social renting stock falls – private sector set to take up slack

Social renting stock falls – private sector set to take up slack


Todays other news
Sir Sadiq Khan is to spend some £400,000...
This is according to the agency Hello Neighbour...
This is Propertymark's latest monthly analysis...
Less than a third of social homes sold were replaced...
The police was announced over the weekend...
For sale sign outside a residential property in a city setting.

Some 14,275 council homes were sold under the Right to Buy scheme in England during 2025-26, an increase of 90% compared to 2024-25, reported by local authorities.

Local authorities received £1.61 billion from eligible Right to Buy sales during 2025-26, an increase of 99.6% compared with 2024-25. 

Advertisement

The average receipt per dwelling was £112,900, an increase of 5% compared to 2024-25.

Advertisement

But only 3,452 replacement homes were funded through Right to Buy receipts from eligible sales during 2025-26, a decrease of 7% compared with 2024-25.

Advertisement

Since the start of the Right to Buy scheme in 1980, until the end of March this year, there have been over two million sales to tenants (2,052,813).

This may make uncomfortable reading or new Prime Minister Andy Burnham, who made tackling the shortage of social housing a major plank in his campaign to replace Sir Kier Starmer.

Advertisement

There are proposed reforms to overhaul the Right to Buy scheme under the Social Housing Bill, currently going through Parliament. 

Potential buyers currently need just three years as a public sector tenant to quality, but this is planned to rise to 10 years under the new reforms. 

Advertisement

On top of this, to shield housing stock, newly built social homes will be protected from the scheme for 35 years, alongside an exclusion of ‘hard-to-replace’ rural homes and an adjustment to discounts on market value. 

A third reading of the Bill is expected next month and it may become law by the end of the year. 

The suggested changes to Right to Buy could cause a rush for tenants to buy their home in the months ahead, says Rachel Springall, finance expert at Moneyfactscompare. 

She says: “Overall, the planned reforms and limited housing stock will still mean some tenants are forced to rent privately if they need to settle at a specific location for work or family reasons. 

“Alongside this, those who have saved over recent years and are now finally ready to get a mortgage will be disappointed that mortgage rates have been climbing amid prolonged unrest in the Middle East, adding around £215 a year in mortgage repayments in just one month of volatility.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Person checking off items on a property checklist for lettings.
Sir Sadiq Khan is to spend some £400,000...
Key with house-shaped keychain hanging on door lock for property access.
This is according to the agency Hello Neighbour...
For rent sign in front of a blurred house, real estate rental advertisement.
This is Propertymark's latest monthly analysis...
Miniature house held by hand over falling man in business suit.
The police was announced over the weekend...
This is apparent in the prime lettings segment, it's claimed...
The controversy involves the tenant union Acorn...
Well known business billionaire enters private rental sector as investor...
Recommended for you
Latest Features
Sir Sadiq Khan is to spend some £400,000...
This is according to the agency Hello Neighbour...
This is Propertymark's latest monthly analysis...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

0
Would love your thoughts, please comment.x
()
x