New regulations could “devastate” rental supply – warning

New regulations could “devastate” rental supply – warning


Todays other news


Housing groups have united to appeal to politicians to step back from new laws that threaten to “devastate” the number of homes for rent.

The Scottish Parliament is to debate the final stage of a Bill tomorrow which includes plans to give tribunals the final say on tenant evictions.

At the height of the pandemic there was a moratorium on evictions, except in special circumstances approved by a tribunal. 

The Coronavirus (Recovery and Reform) Bill seeks to make this change permanent and a tribunal would be asked to rule on every instance where a landlord has legitimate reasons for ending a tenancy, including non-payment of rent. 

Landlord groups claim this could “decimate” the value of a property and up to one in five landlords could withdraw from the market.

The Scottish Association of Landlords, NFUS Scotland, the National Trust for Scotland and Scottish Land & Estates have warned that although the proposals are intended to offer greater protection to a very small number of tenants facing eviction, they will backfire on a far greater number of people looking to rent homes at a time when homes are in short supply.

John Blackwood, chief executive of the Scottish Association of Landlords, says: “We are appealing to our parliamentarians to think again over these proposals. There is a tried and tested eviction process which already works well and protects tenants and landlords. There is a very real danger that if this goes ahead landlords will lose confidence and simply sell homes at a time when they are in great need.”

Sarah Jane Laing, chief executive of Scottish Land & Estates, whose members rent around 3,000 homes in rural Scotland, adds: “This is a prime example where the consequences have not been thought through. Whether you are a landlord with a single buy to let flat or someone with multiple properties, the prospect of not being able to regain possession of the home you own scares landlords, driving them from the sector and reducing availability of homes for tenants. The Scottish Parliament should take a step back and look at this again in further detail.”

Tags: Land

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
The corporate freeholder which has been obliged to fix serious...
There appears to be more evidence that these are good...
Propertymark says the regulation of property agents and the creation...
The auction - often seen as an ideal opportunity for...
A leading agent says there are renegotiations on prices of...
Reeves to slash Right To Buy discount on Wednesday...
Recommended for you
Latest Features
The monthly and annual rates of rental growth are both...
The levels to which leasehold insurance will be capped haven't...
Almost 30 developers are to double the rate they are...
Sponsored Content
Letting agencies face the dual challenge of keeping both landlords...
In an industry where compliance and client money handling are...
PropTech provider Reapit will announce the latest enhancement to its...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here