The act is meant to help tenants with the cost of living - but David Aiton says it has backfired badly
A Falkirk landlord has warned that Scottish Government legislation designed to control rents is instead causing private landlords to sell up, leading to a shortage of properties and soaring rents.
But David Aiton, founder of the Falkirk Landord Alliance and owner of Sinclair Services, which manages rental properties in Forth Valley, says the act is making landlords think twice about investing in areas like Falkirk - which he says is "disastrous" for private tenants too. "We are getting calls on a daily basis from desperate home seekers. We cannot help them because of the drastic reduction in affordable rental housing which this legislation has caused."
Mr Aiton says the impact on the local rental market is already clear, pointing to a current listing for one-bedroom flat in Falkirk being offered for £625 pcm. He agrees with Mr Aiton that the cap on private rent increases is having a big impact, at a time when mortgage rates have been rising rapidly, leaving some landlords out of pocket.
Mr Aiton believes its vital that the legislation is not renewed for another six months and he is eagerly waiting for the result of a judicial review that is challenging the act.
Danmark Seneste Nyt, Danmark Overskrifter
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