Written Question · S2W-09956 · Session 2
What concerns it has about the practice of private investors approaching council house tenants, in particular elderly tenants, and offering…
The question
To ask the Scottish Executive what concerns it has about the practice of private investors approaching council house tenants, in particular elderly tenants, and offering to buy their homes with a view to making large profits upon resale.
The answer
It is not illegal for private investors to encourage tenants to buy their homes under the Right to Buy. However, there are complaints procedures available to tenants through local Trading Standards offices if they have any concerns about the practice.
The Executive provides advice and guidance to tenants thinking about exercising their Right to Buy, in the booklet Your Right to Buy Your Home. This helps to protect tenants by advising them to give serious consideration to the purchase, and recommending they seek professional advice before committing to purchase.
The Executive provides advice and guidance to tenants thinking about exercising their Right to Buy, in the booklet Your Right to Buy Your Home. This helps to protect tenants by advising them to give serious consideration to the purchase, and recommending they seek professional advice before committing to purchase.
In the Official Report
No contribution in the Official Report cites S2W-09956 by reference.