Scottish landlords want at least three things from their tenants:-
– Rent paid on time
– Respect the property
– Respect the neighbours
There are many ways to find these perfect tenants and to insure against the risks of any problems. The cost of full property management in Scotland has been increasing as agents are having to pass on costs landlords previously paid by tenants. Continue reading Lettings package exclusively for Scottish Landlords
The countdown to nationwide tenant deposit protection is on as Scotland joins the scheme already running in England and Wales from July 2.
The Scottish Government has approved two more protection schemes, giving landlords and letting agents the choice of three. Continue reading Landlords face compulsory nationwide deposit protection
Are you looking for a legal update in relation to landlord matters north of the border, in particular the tenancy deposit scheme? We’ve been regular readers and admirers of the Property118 blog for some time and have always had the strange idea that perhaps something was missing. We now think it might be the lack of blog articles from someone in Scotland. To those of you who don’t know, Scotland is that bit of Britain which is much further north than the area that everyone in London calls “the North”. As someone who lives in a place where Manchester is 200 miles to the south, I always find it highly amusing to hear Mancunians called “northerners”. Continue reading Landlord Legal Update – for the real Northerners (…Scotland)
House prices in Scotland have remained fairly constant, offering only small rises for larger properties and slight drops in smaller houses.
Edinburgh saw its average house price rise by 0.6% on a year ago, with the biggest rise coming in West Lothian at 6.2%. Elsewhere, properties in East Lothian and Dunfermline decreased. Continue reading House prices in Scotland Unmoved
Thousands of property investors face fines of up to £50,000 for ignoring laws requiring them to sign-up to a landlords register in Scotland.
No-one is sure how many rogue landlords are ignoring the law – but the worry is they face a double whammy of tax and fines if they sign the register.
The authorities north of the border suspect many are not giving their details to council because they are concerned the information will also go to HM Revenue & Customs. Continue reading Landlords Snubbing Registration Face £50,000 Fines
"Scottish house prices have as much as 15% in the past 12 months"
The Scottish housing market is still on the slide as house prices have dropped on last years figures but back down to 2009 levels.
The research by Dunfermline-based ESPC found the average house price in Edinburgh for the past three months is 3.6% down on the same period last year. In Edinburgh’s suburbs, three bedroom semi-detached houses dropped by a massive 15.4%, down to £231,909 from £274,130.
While Dunfermline dropped by 1.7%, Midlothian and West Lothian saw a rise of 5.8% and 7.5% respectively. The upturn is seen to be only temporary though by ESPC. In the main, the prices have returned to 2009 levels. Continue reading Scottish Market Returning to 2009