Freezing UK tower block was cash cow for foreign investors

Agents at Liverpool flats faced 13 prosecutions last year as housing benefit flowed abroad

A 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.

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from The Guardian https://ift.tt/2CA3dBn

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