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Profiteers swoop to buy ex-council flats
GMB reveals extent of greedy landlords’ hold
A BUNCH of profiteering landlords have bought up chunks of former council housing in Barnet, north London, a trade union revealed yesterday.
According to research by general union GMB, of 768 flats sold off under right-to-buy, 224 are now let out. Of these, 38 have been bought up by landlords with more than one property — developer Barratt Homes for instance owns a total of nine flats.
The union’s political officer Gary Doolan said the investigation had laid bare “the harsh reality of the exploitation of our social housing stock.
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