Reply To: Councils in England facing bankruptcy


Incidentally I dont think many private landlords “kick tenants out to raise rents”. The costs of finding new tenants and voids is very high. Airbnb is far more profitable and with much less regulation. Then there are landlords with mortgage rates on a fixed 1.5% now being told the new rate is 8% on expiry. The property auctions are full of tenanted property up for sale but no one will buy them unless repossessions with no reserve at bargain lows. Where I live on the South Coast, the number of available rental property is at an all time low. Partly because as the article points out, the Home Office will pay far more for such property than HB levels. Different Government depts fighting each other …..nothing new there. Leaving local Councils in an impossible position.