Scottish Rental Yields Continue to Perform Better than England and Wales

Sponsored by West Property Sales and Lettings –  ACCORDING to latest numbers, rental yields in Scotland are performing better than those in the rest of Great Britain, with the average rental property returning 4.9 per cent to investors. In fact, the Buy-to-Let Index for June of this year shows that rents continue to rise across many… Continue Reading

Landlords – How can you stay on the right side of the law?

There are so many legal hoops that landlords need to jump through before even advertising for a tenant, so I understand it can feel overwhelming. Here are a few tips to help get you started…. If your property is mortgaged, then get consent from your provider and insurer to let the property. New landlords must… Continue Reading

HOMEOWNERS MOVING HOUSE LESS FREQUENTLY IN UK

People are moving home in the UK much less than they used to 30 years ago, which has consequences for the healthy function of the housing market, new research suggests. The reduced mobility is largely the result of missing movers, people who have a mortgage on their current home but are not moving up the… Continue Reading

FIVE TIPS FOR KEEPING TENANTS

Landlords know that it’s always better to have tenants in your property. Every time you have to source a new tenant, you will incur costs compared to having a long-term tenant – not to mention the income you will lose during void periods. If your tenants are not renewing their lease, there are some steps… Continue Reading

LANDLORDS FACE STEEP PENALTIES FOR GAS SAFETY NON COMPLIANCE

For landlords in the private rental sector, gas safety is more than just a matter of compliance or non-compliance; it’s a matter of life and death. Failure to maintain and repair gas appliances can lead to carbon monoxide poisoning, which could result in manslaughter charges being brought against a landlord who demonstrated negligence by failing… Continue Reading

The importance of move-out inspections

When a tenant moves out, your first thought will probably be getting someone else in the property as soon as possible. After all, every day that the property remains empty is costing you money. However, it’s important to make thorough checks between tenancies for three main reasons. First, you want to make sure you spot… Continue Reading

MORE FIRST TIME HOME BUYERS ARE GETTING ON THE PROPERTY LADDER

According to a new report from residential chartered surveyors e.surv, the number of first time home buyers in the UK rose for the third consecutive month this year. First time home buyers are now making up more than 21 per cent of the mortgage market, a rise from 16 per cent last year. It seems… Continue Reading

HELP TO BUY SCHEME FOR SCOTLAND HIGHER PRICE CAP RETAINED FOR 2018/19

The Scottish Government has announced that the price cap on properties eligible for the scheme will remain at £200,000 in 2018/19. The Help to Buy (Scotland) scheme helps eligible householders buy a new build home from a participating builder by contributing up to a maximum 15% equity stake in the property. The maximum property value… Continue Reading

Tax relief changes for landlords

From April 6, 2017, the new tax changes will restrict relief for finance costs on residential properties to the basic rate of Income Tax. Finance costs includes mortgage interest, interest on loans to buy furnishings and fees incurred when taking out or repaying mortgages or loans. No relief is available for capital repayments of a… Continue Reading

Tips on Saving for Your First Property Deposit

The number of first time home buyers is rising, and while purchasing your first house is one of the most exciting times of your life, it can also be stressful. Saving enough money for a deposit is one of the major hurdles potential property owners face, but with a bit of patience and resolve, you… Continue Reading