Property News · October 24, 2018

Freezing UK tower block was cash cow for foreign investors


Agents at Liverpool flats faced 13 prosecutions last year as housing benefit flowed abroadA Liverpool tower block that had more housing prosecutions in 2017 than any other building was 80% owned by international investors, some of whom were banking publicly funded rents while subjecting tenants to potential danger from hazardously low temperatures.Mill View tower, a 16-storey former council-owned high rise in Toxteth, attracted 13 prosecutions last year for Elite Property Management and Lettings Ltd, a local firm that was managing 13 of the flats. The flats had cost around £60,000 each in 2013 and were all rented to residents claiming housing benefit. The company was prosecuted for licensing offences. Continue reading…

Source : theguardian.com
Read more…Freezing UK tower block was cash cow for foreign investors

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