Landlords Could Hand the Keys to their Bad Investment Properties Straight to Council Tenants

As the government takes on the burden of the Bradford and Bingley mortgage debt is there potential for them to acquire a bunch of ready to go council housing.

With a lot of the Bradford and Bingley mortgage debt coming from its Mortgage Express buy-to-let arm ,who have been a major funder to a lot of the buy-to-let mortgages that have been used by landlords to invest in the new build city centre developments, that are doing so badly.

As many of the keys are handed back by bankrupted landlords on these failed property investments, could the government not look to hand these keys straight to tenants in the council's housing queues.

In a way it could be a way of solving the council housing shortage, and at the same time, preventing a flood of these investment properties on to the market which may help reduce the potential for a complete housing market collapse.

Just a thought. Desperate times - desperate measures.
Your darling Margo