Category: Being a Landlord

3 Key Benefits to Installing a New Gas Boiler in Your Rental Property this Summer

Landlords, have you considered installing a new gas boiler in your rental property? Old, inefficient boilers are costly to run and to maintain, damaging to your property’s EPC rating, and more importantly, could pose a threat to your tenants’ health. Installing a new gas central heating boiler in your rental property offers huge benefits, ensuring …

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Security Challenges Faced by Landlords and How to Resolve Them

With over one million burglaries and attempted break-ins occurring across the UK every year, tenant and buy-to-let security is paramount. Rented properties are more at risk of a break-in than an owner-occupied home, and when a criminal has gained access to a property, they’re more likely to try again in the future. Landlords are no …

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What Are the Tax Charges on Second Properties?

If you are a landlord or second home owner in Scotland it is important that you are aware of the taxes you must pay when you purchase a buy-to-let property or holiday home. Nicky Lloyd, Head of ESPC Lettings, says: “When buying a second home, the issue of tax can be overwhelming, but it is …

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Repairing Standard Changes

New guidance has been issued by the Scottish Government detailing changes to the Repairing Standard that take effect and will be enforceable from 1 March 2024. The full guidance can be found here. In addition to the changes identified below, the guidance details what is expected of landlords in relation to the control of mould …

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New Leadership, Same Issues – Scottish Gov Needs to Prioritise Housing

As Humza Yousaf is voted in as the new First Minister and a cabinet reshuffle seeing Paul McLennan in a new position as Housing Minister, there are pressing issues within the entire housing and property sector that need to be prioritised as part of the Scottish Government’s new leadership agenda. The new Ministerial post for …

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Living off Rental Income: Is it Realistic?

Investing in rental properties and living off the income they generate in the United Kingdom is an attractive proposition for many people, but is it a realistic goal? In this blog article, we will explore the factors that determine whether you can build a portfolio that can supplement, if not completely replace, a full-time salary. …

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