The Scottish Government are proposing a loan scheme to provide support for private Landlords covering 100% of the rental income from one property.
John Blackwood, who is the Chief Executive of the Scottish Association of Landlords has argued that, although this proposal is welcome, limiting it to just one property inhibits the chances of success for the scheme. He has argued that a small scale Landlord operates the same way as other SME’s, some of which may be entitled to the government support for each of their separate outlets. On this basis, he has asked for a similar position for Landlords, even if this was on a sliding scale for additional properties and where the impact of rent arrears can be evidenced.
For any advice, either as a Landlord or Tenant of commercial properties, you should contact our commercial property team on 0141 673 5588 or by completing our online contact form.
