I think its obvious the state should be willing to take on the risk if they are gonna take away property rights.
No, not at all. A landlord has property rights and a tenant has a human right to shelter -- how those rights are balanced is the government's job. If a landlord doesn't wish to obey the UK's minimum rights afforded to a tenant, he is free to sell his property in the UK and buy somewhere else.
That right should be funded by the taxpayer. Also if it was a right it wouldn’t be so difficult to build new housing in England. Rights talk is so tedious.