<\/p>\n
The SNP is promising new renters\u2019 rights (pic: DB Media Services)<\/p>\n
SNP leader John Swinney will today set out a package of help to support people into home ownership \u2013 including measures to give renters new rights to buy the home they live in.<\/p>\n
Campaigning in Inverness, the First Minister will announce that the SNP Government will introduce new legislation to give private renters a period of first refusal to purchase the property they rent at a fair market price if the owner chooses to sell.<\/p>\n
The SNP Government will also provide up to \u00a310,000 in help towards a deposit for first time buyers \u2013 recognising that many young people are paying more in rent than they would on a mortgage.<\/p>\n
The First Minister said: \u201cToo many young people are being locked out of home ownership as a result of the cost of living crisis. \u00a0<\/p>\n
\u201cSo many people are stuck paying more on rent than they would on a mortgage \u2013 and with costs just going up and up, there is nothing left over at the end of the month to save for a deposit.<\/p>\n
\u201cAnd that is made all the more difficult when private renters find themselves having to leave their home because the owner has decided to sell up. \u00a0As well as forcing people to upend their whole lives, it also has serious financial implications.\u00a0<\/p>\n
\u201cThat is why I will give renters the right to first refusal on the home they live in \u2013 at a fair market rate \u2013 if the owner of the property decides to sell. \u00a0This will help people to put down roots and to feel secure in their own home \u2013 without the risk of being turfed out against their will.\u201d<\/p>\n
\u2026 more follows<\/p>\n
\t #Tenants #promised #buy #landlords #sell #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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