Council to buy out landlords

A local council is considering buying up large swathes of private rental accommodation in a bid to crack down on unscrupulous landlords and offer longer, more secure tenancies.

Artiucle on Landlord today.

If Newham Council in London buy at sensible prices (lower than current price levels for starters!) then this might be a positive for the council. If they overpay then that’s a very bad idea for council tax payers and residents.