From time to time property owners may find themselves in financial difficulties and may be under threat of losing their homes. The Scottish Government has set up a scheme called Mortgage to Rent through their Home Owners’ Support Fund. Under the Mortgage to Rent part of the fund, your home will be bought by a housing association or local authority and you will continue to live there as a tenant, paying a monthly rent.
This may not be the solution for everyone as it very much depends on individual circumstances.
We have purchased our first Mortgage to Rent property and will continue to participate in the scheme by acting on referrals received. We cannot provide advice direct to owners on this so if you are interested in finding out more, then please follow this link to the Scottish Government’s web site.
You can download a leaflet on the scheme from this site.