Category: Landlords
UK tenants are spending over half of their take-home salary on rent
Written byHome Sales & Lettings: 02 October, 2024At Home Sales and Lettings, we are experiencing record levels of tenant demand, often receiving over 120 enquiries per property, highlighting the ongoing strain on the rental market across Edinburgh and other Scottish cities. Recent figures show that around one in five tenants in the UK are now spending over…
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New Report on Scotland's Private Rented Sector: Key Findings and Recommendations
Written byHome Sales & Lettings: 02 October, 2024Over the past five years, the research consultancy Indigo House has been carrying out an in-depth study of Scotland’s private rented sector (PRS). This independent research, funded by the charitable Nationwide Foundation, aimed to evaluate how legislative changes have affected both renters and landlords. The "Rent Better" project explored what…
Read moreTenancy Reform Bill 2024
Written byHome Sales & Lettings: 18 September, 2024Recently, the UK government has introduced draft legislation called the Renters’ Rights Bill, which aims to address several key issues for tenants. The proposed changes include ending "no-fault" evictions, giving tenants the right to have pets, banning rental bidding wars, ensuring repairs are completed within a set timeframe, and removing…
Read moreRent increase statistics 2024
Written byHome Sales & Lettings: 18 August, 2024Rent Service Scotland (RSS) is the body which oversees rent setting in Scotland. It has historically been responsible for setting rents on old regulated tenancies (these are tenancies which commenced before January 1989, a few of which are still in existence). More recently it has taken on the task of…
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Buy-to-let market update
Written byHome Sales & Lettings: 08 August, 2024Welcome to ‘Buy-to-let Market’, a column aimed at providing you with recent criteria and product updates within the buy-to-let (BTL) lending markets. The information within this article is correct as at 29/07/2024. Buy-to-let market update: BM Solutions – has reduced rates by up to 0.15 per cent on selected BTL and…
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Key Benefits of a Fully Managed Letting Experience
Written byHome Sales & Lettings: 18 July, 2024In a landscape where regulations and landlord responsibilities are constantly evolving, managing your rental property or portfolio can sometimes feel overwhelming. At Home Sales and Lettings, we understand that being a landlord comes with its share of challenges, and that’s why we’re here to offer as much or as little…
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Changes to the Repairing Standard Guidance
Written byHome Sales & Lettings: 08 February, 2024Changes to the Repairing Standard Guidance In March 2024, Scotland is gearing up to introduce a revamped set of regulations that will directly impact private landlords across the board. The repairing standard, which outlines landlords' obligations in maintaining their properties, is undergoing significant changes. The goal is clear: to bolster…
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Let's take a brief look at the eventful year in Edinburgh's rental market during 2023...
Written byHome Sales & Lettings: 08 December, 2023Shifting Dynamics and Rising Demand Edinburgh's rental landscape witnessed notable changes throughout 2023. The demand for rental properties remained robust, buoyed by factors such as population growth, an influx of students, and professionals seeking opportunities across various sectors. The city's allure, from its renowned festivals to its flourishing job market,…
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Four biggest mistakes a landlord could make when renovating the bathrooms in their investment property
Written bylianne: 26 November, 2023What are the four biggest mistakes that a landlord could make when renovating the bathrooms in their investment property? NOT PREPARING A DESIGN BRIEF We don’t need a design brief for a bathroom reno, it's simple all we need is a bath, shower, wash hand basin, w.c, and tiles. WRONG! …
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Change to EPC proposals announced
Written bylianne: 04 November, 2021The Scottish Government has announced updated proposals for introducing a minimum EPC standard in the private rented sector (PRS). Previous proposals to require a standard of D from 2022 will now not be taken forward in recognition of the significant impact on the sector caused by the Covid-19 pandemic. Instead,…
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