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 >Being self-employed can sometimes mean that getting loans and other financial products is more difficult than if you were employed by another business. However, all is not entirely lost, and there are options available to you. You just need to be aware of some of the extra information you may be required to provide, as …
Read more >You can’t plan for everything, and when unexpected damage happens to your property, it can have serious effects – especially if you have tenants living in the property. However, knowing what to do post-damage (whether it’s caused by poor weather, vandalism or an accident) can help considerably with factors such as your insurance claims and …
Read more >The Scottish Build to Rent (BTR) sector is continuing to grow. Its membership organisation, the UK Apartments Association (UKAA), has just launched in Scotland, chaired by Gillian McLees, Director of BTR at Rettie & Co. The UKAA has been working on setting up groups across the UK, with a view to helping local BTR markets …
Read more >The UK staycation trend appears to be here to stay… or at least into the summer of 2022. This in turn is reflected in the ongoing predominance of Airbnb market presence across the UK, which perhaps also reflects landlords changing their view on short term lets. Landlords have had to absorb increased costs in recent …
Read more >The housing activity across Edinburgh, the Lothians, Fife and the Borders is begging to return to pre-pandemic levels, with sales volumes down 21.6% year on year during January-March 2022. The highest sales volumes were recorded for two bedroom flats in Leith, however, this was still down 39.1% when compared to the first quarter in 2021. …
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