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LocalGov

OFT criticises right to buy scheme

23/12/2023

Posted by:
AJ Williamson

The Office of Fair Trading has criticised three ex-directors of Fasttrack for misleading council tenants in a right to buy scheme. The directors persuaded tenants to make right to buy applications and, as part of the deal, the buyers were required to sign up to a credit agreement with finance provider FAI. The OFT found that Fasttrack misled the buyers about the costs of signing up.

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