Housing experts have slammed the Conservative Party's proposed extension of the right to buy to housing association tenants, saying it could spark a lengthy legal battle and reduce the sector's ability to build more homes. Experts said the move, if imposed, could limit housing associations' ability to access lending with which to fund new development, because loans are generally secured against their existing housing stock. Launching the Conservative Party manifesto this week prime minister David Cameron said the extension of right to buy would see the fulfilment by the Tories of the "dream of a property-owning democracy."
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