Social Landlords Should Buy From ‘Over-Stretched’ Private Landlords

Social landlords should be supported to buy up homes from “overstretched” private landlords, the Affordable Housing Commission (AHC) has said. In an open letter Lord Richard Best, chair of the AHC, called for more investment in social housing to stimulate the economy in the wake of the COVID-19 pandemic. Housing associations and councils should be helped to build more, acquire unsold new builds and “buy from over-stretched buy-to-let landlords exiting the market”, he wrote. The National Residential Landlords Association has claimed that many private landlords will be forced to leave the market in the face of a five-month eviction ban imposed to protect renters during the coronavirus crisis. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/social-landlords-should-buy-from-over-stretched-private-landlords-says-affordable-housing-commission-66970