In this 90-second speed read we look at an announcement made yesterday by the Scottish Government and how it impacts on landlords.
The Government has confirmed that extended notice periods for evictions will be extended for another six months to March 2021.
It also announced it will be providing more support to tenants and landlords through a £10 million package of interest-free loans called The Tenant Hardship Loan Fund.
This emergency fund is designed to support tenants who are struggling to pay their rent due to money troubles linked to the COVID-19 pandemic.
A statement from industry body ARLA Propertymark said: “The Tenant Hardship Loan Fund is scheduled to open in the Autumn. Alongside this, the Discretionary Housing Payment (DHP) fund which helps tenants in receipt of benefits will increase by £3 million.
“The Scottish Government are also examining proposals to allow landlords to regain possession within one month, in cases of anti-social or criminal behaviour.”
The Government’s move came after the Scottish Association of Landlords (SAL) warned that despite almost half of landlords offering discounts to tenants affected by COVID-19, arrears are continuing to mount up. And that urgent action needed to be taken.
This announcement is welcome news for tenants and landlords, and at the Scottish Property Centre, we’ve been busy taking calls and answering questions on this latest news.
If you’re a landlord seeking a letting agency who will keep you updated with the most recent news, and on the right side of the continually growing regulatory fence, get in touch with us today.
Thanks for reading.