Almost 40 per cent of former council homes sold on the
cheap under the Government’s Right to Buy scheme are now being let out on the
hugely expensive private rental market, enriching a new generation of
landlords. The first national study of its kind comes as the government
prepares to extend full Right to Buy discounts – of more than £100,000 per property
in London and £70,000 elsewhere – to a further 1.3 million housing association
tenants. Figures released by 91 councils in England under the Freedom of
Information act show 37.6 per cent of flats sold to tenants under the
controversial policy are being sublet at up to seven times the cost of average
social rents. Read more on the Independent website.
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