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

Offers Over, Offers Around and Fixed Price

OIEO, OIRO and Fixed Price ‘Offers in Excess of’, ‘Offers in the Region of’ and ‘Fixed Price’ are the main ways that you can price your home when selling. Because no two properties are the same, a number of factors will determine the best method for you. If you are confused about which is best,… Continue Reading

A MANAGEMENT AGENTS – A VALUABLE RESOURCE FOR YOU

The letting agent industry in Scotland has grown in recent years. It provides a range of property management services to private landlords – for example, finding tenants and managing the tenancy by collecting rent, arranging repairs and undertaking necessary checks such as for gas safety etc. Such services can help make sure a landlord meets… Continue Reading

WHAT TENANTS LOOK FOR WHEN VIEWING A PROPERTY

Beyond the number of bedrooms, location and garden access, there are some specific things that potential tenants look for when viewing properties. A house or apartment could be otherwise perfect, but just a couple of things could put someone off applying for it. Here are some things that people look for when viewing a property… Continue Reading

RENTAL PRICES SEE RISE ACROSS SCOTLAND

The Scottish rental market has seen a surge, starting the year off on a good footing, with average property in Scotland being let for £571 per month, reports the Property Reporter. New data from Your Move Scotland shows that prices have increased throughout the country, which is incredibly positive for landlords. The Highlands and Islands… Continue Reading