Social homebuys a sell-out...

2005-01-21T00:00:00

Prescott's plans: While the social homebuy policy may win some votes, others are unimpressed

Source: Nicholas Bailey / Rex Features

Let’s hope that before opting to buy their homes under the government’s “social homebuy” policy (14 January, page 7), tenants realise the implications: 25% of sale proceeds back to the landlord and freehold retained with service charges!

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