Date lodged: 1 February 2018
To ask the Scottish Government what its position is on introducing a national lending unit as an option to assist home owners with the repair and maintenance of their property, which was discussed in the May 2008 paper, Housing (Scotland) Act 2006: Part 2 - Scheme of Assistance: Lending Options for Local Authorities.
Answered by: Kevin Stewart 8 February 2018
The Scottish Government reviewed proposals for a national lending unit in 2011 in response to the economic downturn, the impact of this on credit and household income, and arrangements under the concordat with local authorities. Following consultation, the Scottish Government decided not to set up a national lending unit but agreed to work with COSLA to identify other options for local authorities to take forward the development of new initiatives for lending, taking account of local priorities for investment in housing.
In January 2017, the Scottish Government launched an area-based pilot of an equity loan scheme to assist owners to carry out essential repairs and energy efficiency improvements, which could facilitate common repairs in tenements. The pilot scheme is testing the market for equity loans. If there is sufficient demand we will consider further options. This may include procurement of a nationwide scheme in the future as part of the development of Scotland’s Energy Efficiency Programme (SEEP).