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

More than one in three tenants in Britain say that they would happily rent long term rather than buy a home because they like the flexibility and are out off by high property prices, a new survey has found. The poll by home interiors specialist Hillarys also found that the vast majority, one in 10, believe that landlords should not be able to evict tenants unless they have broken the law.

Respondents were asked how long they had been renting for, with 43% saying they had done so for six to 10 years, 28% for up to five years and 15% for 11 to 15 years and the average monthly rent paid by them was £650. Read more on the Property Wire website.

https://www.propertywire.com/news/uk/majority-of-tenants-in-britain-are-happy-to-rent-for-life-new-poll-suggests/