Landlords Own 40% Ex Council Housesx - GMB
Landlords Own 40% Ex Council Housesx - GMB
Landlords Own 40% Ex Council Housesx - GMB
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>GMB</strong>@WORK<br />
THAXTED BUILDERS<br />
LIMITED<br />
1<br />
8<br />
* The individuals ownerships of the leaseholds only includes those that we have located and<br />
searched. The company ownerships are total figures as the Land Registry allows searching on<br />
companies<br />
** Total Leaseholds all areas - outside of Wandsworth these are all leasehold owned properties but<br />
the respective councils are not necessarily the freehold owner<br />
Millionaire elite own large number of the <strong>40%</strong> ex council dwellings in wandsworth that are now<br />
owned by private landlords <strong>GMB</strong> investigation shows.<br />
While ordinary London families are unable to find council house to rent rich farmers are scooping<br />
them up by the tractor load as Thatcher’s "right to buy" turns into rich harvest for greedy farmers<br />
and elite says <strong>GMB</strong>.<br />
Of 15,874 dwellings in council blocks in Wandsworth where tenants acquired the leasehold under<br />
"right to buy" legislation some 6,180 dwellings are now owned by private landlords who rent them to<br />
private tenants. That is nearly <strong>40%</strong> of the total sold by the council.<br />
There are 977 private landlords who own more than one of these 6,180 dwellings. One private<br />
landlord owns 93, another owns 32, another 15 landlords each own 10 or more and a further 83<br />
landlords each own between 5 and 9 of these dwellings.<br />
These figures are from Wandsworth <strong>Council</strong>. <strong>GMB</strong> submitted an FOI request to the council listing<br />
known owners of leaseholds and asking how many properties they own. This was refused by the<br />
council under Section 21(1) on grounds that "Information reasonably accessible to the applicant by<br />
other means".<br />
<strong>GMB</strong> then used the Land Registry to investigate who are the landlords in 69 blocks of flats in<br />
Wandsworth. The search covered 1,438 leasehold properties where the council is the freehold<br />
owner. Of the 1,438 leasehold properties searched, 508 (35%) have a registered owner different<br />
from the property address.<br />
The report, which is attached to this release as a pdf, contains the results of what <strong>GMB</strong> found on the<br />
http://www.gmb.org.uk/newsroom/landlords-own-40-percent-ex-council-houses Page 8/15<br />
Join online today at www.gmb.org.uk/join<br />
<strong>GMB</strong> Euston Office: 22 Stephenson Way, London NW1 2HD • Tel: 020 8391 6700 • email: info@gmb.org.uk