Mortgage to Rent is part of the Home Owners’ Support Fund , run by the Scottish Government . It is used by homeowners who are threatened with eviction due to non-payment of their mortgages .

Under the scheme, a homeowner’s property is bought by a housing association , which then rents the property back to the owner, who is able to stay on as a social tenant.

To qualify, the homeowner needs to have:

  • Legal action threatened
  • Consent of all property owners (eg, both husband and wife)
  • Proof of primary residence
  • No inhibition contract against sale of the property

Mortgage shortfall

Many people find themselves being sued by their mortgage lender after being repossessed or handed in their house keys. Often people think that once they have left the house, their liability ends. However, this is not the case for the mortgage. The debt that remains is a mortgage shortfall.