GMB Slams ‘Fatcat’ Landlords Profiting From Right to Buy

Wealthy landlords are profiting from former council homes that were originally sold under Right to Buy (RTB), according to the GMB union. Focusing on the London Borough of Wandsworth, the union claims that 40% of ex-council homes in the borough are now owned by private landlords, including what it called a “millionaire elite”.  In a report presenting the union’s case, it said that out of 15,874 dwellings in council blocks in Wandsworth – where tenants acquired the leasehold under RTB legislation – some 6,180 homes are now owned by private landlords. That’s nearly 40% of the stock sold, the union said.  Read more on the Housing Excellence website.