The Home Office has built up a stock of 16,000 properties for asylum seekers, as it attempts to move them out of hotels.
Contractors working for the Home Office are offering landlords five-year guaranteed full-rent deals to take over the management of properties as they race to transfer asylum seekers out of hotels.
The contractors behind the scheme – Serco, Clearsprings and Mears – have been paid £4bn over 10 years to provide accommodation to asylum seekers.
The hotel bill has risen to almost £8m a day. Fifty asylum hotels were due to shut by the end of last month with a further 50 closed by the spring.
