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UK Councils Spend £650M on Controversial Rent-to-Rent Schemes

11/30/2025

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Summary

Story summary

UK councils spent nearly £650 million on rent-to-rent schemes over five years amid a housing crisis.
Thirteen councils, including Newham and Croydon, incurred costs, with Croydon facing a £1.4 billion debt.
Campaigners say middlemen profit from rent-to-rent schemes, diverting funds from landlords.
The shortage of affordable homes has increased reliance on temporary housing.
The government aims to deliver 1.5 million new homes in five years, but experts warn long-term solutions are needed.

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Story summary

UK councils spent nearly £650 million on rent-to-rent schemes over five years amid a housing crisis.
Thirteen councils, including Newham and Croydon, incurred costs, with Croydon facing a £1.4 billion debt.
Campaigners say middlemen profit from rent-to-rent schemes, diverting funds from landlords.
The shortage of affordable homes has increased reliance on temporary housing.
The government aims to deliver 1.5 million new homes in five years, but experts warn long-term solutions are needed.