The Civic Government (Scotland) Act 1982 (Licensing of Short-term Lets) Order 2021 (the Order) came into force on 1 March 2022. Its purpose is to regulate the short-term letting sector by introducing a national licensing scheme to be operated by local authorities backed up by criminal sanctions. In addition, local authorities will be able to …
Read more >The Scottish Government’s New Deal for Tenants is, to coin a well-known advertising slogan, ‘exactly what it says on the tin.’ The 108-page document contains the word ‘tenants’ 289 times — over 100 times more than ‘landlords’ (165 times). ‘Tenants’ rights’ outnumbers references to ‘landlords’ rights’ by nine to one. So what, some might say. …
Read more >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, …
Read more >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 …
Read more >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 …
Read more >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, …
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