News
Rent 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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New Town Quarter
Written byHome Sales & Lettings: 27 March, 2024New Town Quarter; an exceptional development in the heart of Edinburgh A vibrant destination with the luxury of space to be social, to be productive, to be content. New Town Quarter will be the finest holistic, mixed-use development in Scotland. A self-sustaining community alive with commerce and culture, New Town…
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Determining the open market rent rate
Written byHome Sales & Lettings: 08 March, 2024Determining the open market rent rate An illustrative rent increase calculator is available to help landlords and tenants understand what the rent may be set at if a rent adjudication application is made, based on the proposed changes from 1 April. Please note that the figures produced by the calculator…
Read moreCost of Living and Rent Eviction March 24
Written byHome Sales & Lettings: 08 March, 2024Rent adjudication From 1 April 2024 onwards, subject to parliamentary approval, the process for rent adjudication will temporarily be modified for one year. This temporary change will provide protection for tenants whose rents may rise steeply if they were to return back to market rents in one step, once the…
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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,…
Read moreRevisions to the Repairing Standard Rules in Scotland
Written byHome Sales & Lettings: 08 December, 2023Updates to the Repairing Standard rules in Scotland bring forth a new directive regarding lead assessment in private rental properties. Revisions to the Repairing Standard Effective from March 1st, 2024, adjustments to the Repairing Standard mandate landlords to ensure that the water supply in their privately rented dwellings is devoid…
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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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