Category: Landlords
Scottish House Prices See 5.5% Annual Growth in October 2024
Written byHome Sales & Lettings: 20 December, 2024The latest House Price Index (HPI) data for Scotland reveals that the average property price in October 2024 was £197,000, reflecting a 5.5% increase compared to October 2023. Month-on-month, house prices experienced a slight rise of 0.2% on a non-seasonally adjusted basis and 0.3% when seasonally adjusted. In terms of…
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The Rise of Long-Term Tenancies: Why Landlords and Tenants Are Embracing Stability
Written byHome Sales & Lettings: 20 December, 2024As the UK rental market navigates economic challenges, longer-term tenancies are becoming increasingly popular among landlords and tenants alike. A recent survey highlights a shared preference for stability and flexibility, reflecting a shift in priorities amid rising rents and cost-of-living pressures. Stability in Uncertain Times The survey reveals that 44%…
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Rents Reduced on Over a Quarter of Listings: Rightmove Reveals Affordability Pressures
Written byHome Sales & Lettings: 20 December, 2024New data from Rightmove highlights a significant shift in the UK rental market, with over 26% of rental properties experiencing price reductions before securing tenants. This is up from 23% in the same period last year, reflecting growing affordability challenges for renters. Despite the fact that rental properties are receiving…
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Understanding Landlord and Tenant Responsibilities for Broken Appliances
Written byHome Sales & Lettings: 17 December, 2024Rental appliances – like ovens, refrigerators, dishwashers, or washing machines – come with shared responsibilities between landlords and tenants. A well-drafted rental agreement often helps clarify expectations. Below is an overview of responsibilities for both parties and what happens when issues arise. Landlord Responsibilities Landlords have a legal obligation to…
Read moreScottish Budget 2025: Impact of the ADS Increase on Landlords and the Property Market
Written byHome Sales & Lettings: 17 December, 2024Scotland’s property sector is reeling following the sudden announcement in the 2025-26 Budget to increase the Additional Dwelling Supplement (ADS) from 6% to 8%. This significant rise, introduced overnight and with no prior notice, has left buyers, sellers, and landlords scrambling to adjust to the unexpected financial burden. The Immediate…
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Mould - The Basics
Written bylettings: 19 November, 2024Condensation The key to managing condensation and mould in your home is about getting the right balance between moisture in the air and heating and ventilating your home so that you can keep condensation to a minimum. Changes in temperature, lots of moisture and no ventilation will cause more condensation…
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SPOTLIGHT- Why Paisley’s Rental Market Is Worth Exploring for Landlords
Written byHome Sales & Lettings: 31 October, 2024If you're a landlord considering investment options in Scotland, Paisley presents a compelling choice. Just a short commute from Glasgow, Paisley combines affordability with cultural vibrancy, making it a hidden gem in the rental market. With its rich history, modern developments, and a wide range of amenities, Paisley has a…
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Autumn Budget 2024 – What It Means for the Scottish Property Market
Written byHome Sales & Lettings: 31 October, 2024The Autumn Budget 2024, announced by Chancellor Rachel Reeves, is poised to shape Scotland's housing market with potential changes in taxes, energy policies, and mortgage trends. This budget comes amid high inflation, a cost-of-living crisis, and increased energy prices, all of which affect property affordability and investor confidence. Property Taxes…
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Making Tax Digital for Landlords: What You Need to Know for 2026
Written byHome Sales & Lettings: 31 October, 2024With "Making Tax Digital" (MTD) reforms on the horizon, landlords in the UK will need to digitise their tax records and begin quarterly submissions to HMRC rather than filing just once a year. Beginning in April 2026, landlords with rental income exceeding £50,000 must comply, while those earning between £30,000…
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Introducing our Home Landlord Sales: Facilitating Landlord-to-Landlord Property Sales
Written byHome Sales & Lettings: 02 October, 2024At Home Sales and Lettings, we understand the unique needs of landlords, whether managing rental properties or selling with tenants in place. That’s why we’re excited to introduce our new service, Home Landlord Sales—a bespoke offering for landlords looking to buy or sell rental properties while ensuring tenants continue to…
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