Right To Buy Homes Made £2.8m In Profit 'In Weeks'

A total of 139 former council tenants bought their homes under Right to Buy and resold them within one month, the BBC found. Those resold homes created a £2.8m collective profit. Opponents of the scheme said too many people had profited from a policy that had "much bigger social ambitions". Supporters said Right to Buy helped people climb the housing ladder and secure their families' financial futures. The former tenants were allowed to buy their homes at prices below the market rate. However, those who sell within five years of purchasing, should have to pay back some or all of the discount they received. Read more on the BBC website.

https://www.bbc.co.uk/news/uk-47443183