Thursday 4 September 2014

20% of Borough's Right to Buy Homes Belong To 'Extortionate' Private Landlords

A fifth of a London borough's former council homes sold off under the controversial right to buy scheme are in the hands of private landlords charging "extortionate rents" a councillor has said. According to Camden Council's cabinet member for finance and technology policy, Theo Blackwell, many people now renting homes that used to belong to the local authority are being supported by the taxpayer, as private landlords continue to "exploit" the right to buy policy. Camden is the only one of London's 33 boroughs that has managed to build more council homes than it has been forced to sell off under right to buy over the last two years. Read more on 24dash.

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