Thursday, 16 January 2014

Council May Ban Right To Buy Homes Being Let

A Labour-led council in London is attempting to become the first to bar social tenants that take up the right to buy from ever letting the property to private tenants. In a bid to crack down on poor housing conditions in former council houses Camden Council is consulting lawyers to try to find a way to make it illegal for tenants to buy their homes at a 75 per cent discount and then let them out. The ‘no buy to rent’ policy would exclude council properties bought using the £100,000 discounts from then being privately let. There are around 9,000 right to buy leaseholders in Camden - one third of whom are absent, many having bought the home to let out. Read more on Inside Housing.

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