Westminster Council’s housing arm, City West Homes, has circulated a leaflet to Mozart estate residents claiming “Record values agreed by City West Homes Residential – cash buyers waiting” and is encouraging home owners to sell to buy-to-let investors.
The leaflet says, “according to our data we have agreed record values in the estate – one of the best being £450,000 for a 3 bedroom flat in need of modernisation”
Councillor Paul Dimoldenberg, Leader of the Labour Group, said:
“Westminster Council wants to destroy local communities by encouraging home-owners to sell their homes to buy-to-let investors. Everyone knows that when estate agents say ‘cash buyers waiting’ it means that buy-to-let investors, rather than owner-occupiers, want to buy. The Conservatives say that they want to support home ownership but here we have cast-iron evidence that Conservative Westminster Council is more interested in helping buy-to-let investors and wants existing home owners to sell up and move out of Westminster. We have demanded that the Council stops City West Homes from sending any more of these leaflets to homeowners on Council estates.”