Category: Being a Landlord

Questions Frequently Asked by Landlords

What are the requirements for a buy-to-let property? You’ll need a deposit of around 25%, although some lenders will consider 20%. The deposit amount is based on the valuation or the purchase price – whichever is lower. The loan amount is usually dictated by loan to value and a ‘rental stress test.’ In broader terms, …


A Guide to Purchasing Your Second Home

If you’re looking to purchase a second home, there are a few things you’ll need to consider before making the purchase. This guide will help you to get started so you won’t get lost along the way. Buy-to-let For people who want to invest their money in a tangible asset that has often been relatively …


Consultation on New Deal for Tenants Opens to Public

The Scottish Government has published a consultation paper on a new deal for tenants which aims to deliver stronger tenants’ rights, greater protection against eviction and access to higher quality, more affordable and greener housing. The new policies, outlined in the Draft Rented Sector Strategy, are intended to help shape a fairer rented sector that …


Tenant and Landlord Covid Loans Closing for Applications

Loan schemes offered to Scottish tenants and landlords who have suffered financially as a direct result of the Coronavirus pandemic, are soon closing for new applications. The Scottish Government has announced that the Tenant Hardship Loan Fund and the Private Rented Sector Landlord (non-business) Covid-19 Loan Scheme will run until the end of the year, …


New Short Term Lets Legislation Introduced in Scotland

Following concerns about the impact of short term lets on local communities as well as housing supply, new legislation has been introduced before the Scottish Parliament to give councils more powers in order to make short term lets safe and balance communities’ needs with wider economic and tourism interests. Earlier this year (April 2021), measures …


Mortgage Process Explained for First-Time Buy-to-Let Investors

When it comes to investments, the property market is one of the most popular options. Not only do you own a property that could appreciate in value (if the market is right), but it can also provide you with a regular income too. However, what if your new investment venture also happens to be your …

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