Image from Google Jackets

OAPs enticed to buy flats

Language: English Series: Guardian ; 9/4/90 p4Publication details: 1990Subject(s): Summary: Property speculators are offering to buy the council flats of pensioners under the right to buy scheme and let them live rent-free, on the condition that when they die the flat is bequeathed to the speculator. This practice uses a legal loophole allowing speculators to contractually control the property without directly owning it.

Property speculators are offering to buy the council flats of pensioners under the right to buy scheme and let them live rent-free, on the condition that when they die the flat is bequeathed to the speculator. This practice uses a legal loophole allowing speculators to contractually control the property without directly owning it.