Four in 10 right-to-buy homes are now owned by private landlords

Four out of 10 council homes sold under Margaret Thatcher’s flagship right-to-buy policy are now in the hands of private landlords, with their tenants paying more than twice the rent levels charged by local authorities.

Freedom of information (FoI) requests sent to 111 English local authorities by Inside Housing magazine reveal that 40.2% of housing stock sold by councils to then tenants are now rented out, rising to 70.9% in Milton Keynes, which it dubs the “right-to-buy-to-let capital” of England.

http://www.welfareweekly.com/four-in-10-right-to-buy-homes-are-now-owned-by-private-landlords/