The End of Right to Buy in ScotlandJuly 29, 2016 1:59 pm
On 1st August 2016, the government will stop the system that allows people to buy their local authority property after a certain period of occupancy. The end of right to buy in Scotland means that it has become even more difficult for a large number of people to get on the housing ladder and means that the demand for private rentals look set to grow.
The reason behind this, according to the government, is that the scheme is fully subscribed and can no longer accept applications. However, they have introduced a Help to Buy scheme that is designed to assist people in buying a house once they have a deposit of 5% with the government covering up to 20% of the purchase price.
While this might sound attractive, it is still beyond many people and for this reason, renting a property remains their only option. If you find yourself in a position of wanting to look for a private rent property, then a letting agent is a great option. Here at Let-it we are a specialist in the rental market and can help you find the right property anywhere in the country and can guide you through the process of starting out as a tenant. This includes helping set up the tenancy agreement and ensuring your deposit goes into a registered government-approved scheme to protect you and the landlord.