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  • Scottish Property

    Interview with Scottish Housing Minister, Margaret Burgess, MSP/Scottish Housing Bill

    Yesterday, Nick and I had the pleasure of attending the Scottish National Landlord Day in Edinburgh where all talk was of the Scottish Housing Bill and regulation of the Scottish rental sector.

    Nick and I attend many industry events, but this one impressed us hugely with the professional approach, organisation, level of support and attendance and quality of the speakers. The event was hosted by the Scottish Association of Landlords, and is one of the largest gatherings of landlords in the U.K.

    I took the chance to catch up with one of the speakers, Scottish Housing Minister Margaret Burgess, MSP to hear her views on the health of the Scottish private rented sector and the upcoming Housing (Scotland) Bill that will regulate the Scottish lettings industry:






    Property Tribes would like to thank the Scottish Association of Landlords for their warm hospitality and their kind permission to use footage from the event, which was filmed on location at Dynamic Earth.

    Watch a short video highlights package of Scottish National Landlord Day >>> here.
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    "good landlords have nothing to fear from regulation" except increased cost implications and more court appearances/fines. The requirement to use a Letting Agent to avoid such implications and litigation for smaller property investors - whom are unregulated themselves and not a very quality industry.

    It sounds ridiculous to translate that "Landlords have nothing to fear about us introducing new laws that are designed to slap their hands with fines and imprisonment, unless they are well versed in reading Acts of Parliament and any subsequent court presidents and act accordingly."

    Its good hearing Scottish Housing Minister Margaret Burgess (MSP) saying on that Letting is strong in Scotland. It seems she is not one of those ministers that think everyone should be home owners. "its growing, its healthy, but it has to grow more".
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    Preliminary details of the Housing (Scotland) Bill have been released >>> here.
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **Book your FREE portfolio review and health check with Property Tribes Financial Services**

    The Law Society of Scotland is urging members of the Scottish Parliament to rethink proposals to regulate letting agents, claiming the current recommendations will create “an unnecessary dual regulatory regime”.

    The Housing (Scotland) Bill creates a register of letting agents and grants ministers the power to issue a code of practice. The proposals also provide Scottish ministers with the power to remove a registered letting agent from the register if they are satisfied that the person is no longer a fit and proper person to carry out letting agency work.

    But the Law Society considers it unnecessary to apply this regulation to solicitors who act as lettings agents - as many do north of the border - because the solicitors in question already operates to their own rules covering professional ethics and conduct.

    Source story
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **Book your FREE portfolio review and health check with Property Tribes Financial Services**

    Further developments in the Scottish private rented sector:

    The introduction of longer notice periods for landlords and tenants is being proposed in a Scottish Government consultation. (Mentioned in the interview above).

    The notice to quit would be linked to how long the tenant has lived in the property, under the plans to reform the private rental sector.

    The New Tenancy for the Private Sector consultation, launched on Monday, suggests landlords must offer a minimum tenancy of six months.

    Housing minister Margaret Burgess said: "If tenants have more security in their tenure, they may feel more confident in asserting their rights and flagging any concerns about their rented property without fear of eviction.

    "In addition to this, if tenants know they can only be asked to leave their home on certain specified grounds they will have a greater feeling of security.

    "But, equally, a new tenancy system provides an opportunity to improve the private rented sector for landlords.

    She added: "Housing is a priority for this government, which is why we are consulting on these proposals to make sure our private rented sector is as strong as it can be.

    "By creating a new and simplified system we will have better property management while tenants and landlords will be provided with more clarity and understanding of what the tenancy agreement means for them."

    Source/full story
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **Book your FREE portfolio review and health check with Property Tribes Financial Services**

    That sounds preposterous to read of which "Landlords possess almost nothing to fear about people bringing out brand-new legal guidelines that should slap their hands and wrists along with fines and also imprisonment, unless these are trained with looking at Operates connected with Parliament and also almost any following court docket presidents and also behave consequently. ".

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    _______________________________________________________________________ NoorAlamShahzad
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    Hi William,

    Please forgive me but your post makes no sense to me.

    I think what the minister said was that, those who are compliant and ethical have nothing to fear.
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **Book your FREE portfolio review and health check with Property Tribes Financial Services**

    Scotland’s First Minister Nicola Sturgeon is to press ahead with introducing rent controls.

    This is in the face of the Scottish Government’s own consultation, showing that seven in ten respondents were against controls,

    Yesterday, in the Scottish Parliament’s version of the Queen’s Speech, Sturgeon outlined plans to introduce local rent controls through a Private Tenancies Bill as part of the SNP’s legislative programme for the next eight months.

    Her move was sharply criticised by the Scottish Property Federation.

    Its director David Melhuish said: “The mere prospect of rent controls could be enough to spook potential investors.

    Thomas Ashdown, of lettings portal Citylets, said: “If the Scottish Government wants to increase housing supply, then the introduction of rent controls is not the way to do it.

    “The latest Citylets quarterly report on the the Scottish PRS shows that for the vast majority of areas rents are barely keeping up with inflation as it is. Increasingly it would seem that this new legislation would only be relevant to parts of the City of Edinburgh and, as many commentators have noted, possibly exacerbate the lack of supply in those areas.”

    Full/source story
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **Book your FREE portfolio review and health check with Property Tribes Financial Services**

    Good to see the idiotic Socialist Republic of Scotland pressing ahead with ridiculous regulations that will destroy the PRS in Scotland!!
    If I was a Scottish LL I'd be selling up and investing in English rental property
    The SNP are truly bonkers without any idea why there is a PRS in Scotland
    Along with the idiotic tax changes this will be an opportunity for Scottish LL to get out of the landlord game
    We will have a Scottish lettings market reverting to how it was prior to Thatcher's Housing Act
    Only rich LL with low gearing etc will bother staying in the PRS
    As for a supposed radical idea of 6 month tenancies....................there is already a de facto 6 month tenancy
    You cannot seek possession until 6 months have elapsed of an initial tenancy even if the initial tenancy is for 3 months
    The SNP are truly bonkers!!!
    God help us if Osborne gets the same ideas
    Rent controls are the final nail in the PRS coffin!!!!
    Whenand if rent controls are introduced to England my properties become unviable
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