The Scottish Government wishes to offer a loan to assist private rented sector landlords, where they are experiencing difficulties as a result of COVID-19. The aim of the loan is to protect tenants and the viability of the rental sector and it is intended as an emergency response, providing a short term support option that allows landlords to help tenants facing difficulties. It will primarily address the gap resulting from tenants reduced ability to pay rent or from voids where the landlord is unable to secure a new tenant due to restrictions in place as part of the response to the Covid-19 outbreak and is aimed at landlords who do not qualify for support under other mechanisms, such as through UK Government’s support schemes. It is hoped that the loan can reduce the financial pressure on landlords and tenants whilst other mechanisms start to deliver support. The loan is being delivered by the Energy Saving Trust on behalf of the Scottish Government.
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