Private Rent Sector Landlord Covid-19 Loan Scheme

Landlords whose tenants are having difficulty paying rent during the Covid-19 crisis have been offered interest-free loans from a £5m fund set up by the Scottish government.

The Private Rent Sector Landlord Covid-19 Loan Scheme will offer eligible landlords up to 100% of lost rental income for a single property.

It will support private sector landlords who are not classified as businesses, have five or less properties to rent and have lost rental income due to tenants unable to pay rent.

Housing Minister Kevin Stewart says it builds on the earlier legislation to protect tenants against any eviction action for six months and “offers landlords the same security as tenants”.

The fund has been welcomed by Scottish Association of Landlords chief executive John Blackwood while adding he hopes “there will be further steps taken soon”.

Source: Scottish Governement News Service