ALMOST 40 per cent of council homes sold via “right to buy” are now being let by private landlords who are making a killing, according to Inside Housing magazine’s research published yesterday.

A total of 127,762 homes were flogged to tenants at huge discounts, Freedom of Information (FoI) requests sent to 91 local authorities reveal.

Nearly 48,000 — 38 per cent — of these property owners are registered at other addresses, suggesting that they are profiting from the ex-council homes by receiving market-level rents.