Right to buy ‘unlikely to work in London’ given sky-high housing costs

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Right to buy ‘unlikely to work in London’ given sky-high housing costs
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Property experts are questioning whether the Government’s new right to buy plan will work for families living in even the cheapest areas across London

In total only two London boroughs — Barking and Dagenham and Bexley — had averageMr Cook added: “Given house price differential, both the cost of the deposit and the amount of income needed to service the mortgage are going to be a lot higher. That means it would take much longer to raise a five per cent deposit and households would have much less disposable income each month after buying.”

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