Home Residential Property 40% of homes sold under Right to Buy are being let out privately

40% of homes sold under Right to Buy are being let out privately

by LLP Editor
14th Aug 15 10:46 am

The government’s Right to Buy scheme has come under fire after it has been revealed that 40% of all council flats sold under the scheme are now being rented out privately.

Figured obtained by Inside Housing magazine through a Freedom of Information request show that 37.6% of ex-council flats are likely being rented privately at market rents.

The figures released by 91 councils show that they have sold a total of 127,763 leasehold properties of which 47,994 leaseholders are living at another address.

The Inside Housing magazine suggests this is a “strong indication that the home is being sub-let”.  

The research highlighted that Milton Keynes has the highest number of ex-council homes being privately rented (69.96%). It also found that  more than half the ex-council flats in six areas are now being let privately.

 

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