Labour’s shadow housing minister has vowed to end the “racket” of exploitativ private landlords in Scotland by building thousands of council houses. Lisa Nandy has also promised to introduce a government backed mortgage deposit scheme to help first time buyers onto the property ladder.
She told the Sunday Mail: “Under the Tories over the last 12 years housing policy has become a racket that insentivised people to buy up hundreds of properties and rent them out in poor condition to make a quick buck.
“At the same time there’s been a deliberate vandalism of the social housing stock which started under Margaret Thatcher, and now the current incarnation of the Conservative party has come back to finish the job. The cost of living crisis has meant that home ownership is now beyond the reach of many people because house prices have been pushed up so far.”
