The Private Rented Sector has been the subject of a number of significant changes over the past year that have been felt strongly by residential landlords. Changes introduced in the 2015 Summer Budget include: taxing landlords on their income as opposed to profit, reducing mortgage interest relief, introducing a 3% stamp duty surcharge on buy …
Read more >Homes for Good CIC (Community Interest Company), a Glasgow based letting agency, is this year’s winner of the Social Enterprise Awards Scotland. The company was recognised for ongoing commitment to social change and tenants’ wellbeing through ethical and approachable service. The Social Enterprise Awards Scotland is an annual awards programme for innovation and success in …
Read more >Over the past decade the Scottish Private Rented Sector has been subject to new legislation and regulations aiming to drive up standards within the letting industry. However, without the right enforcement these new laws become obsolete. According to a survey carried out by Scottish Association of Landlords (SAL), 69% of Scottish people believe local authorities …
Read more >In 21 local authority areas in Scotland people on average earnings are priced out of the buyers’ market and forced to rent instead, according to the GMB union. With strong demand for rental properties not matched by the supply, it becomes a struggle to secure affordable accommodation. Therefore, on current trends, mid market housing is …
Read more >Rent levels are regularly discussed in the media with the finger pointing at private landlords, accusing them of needlessly charging more. However, external factors are often not mentioned or even taken into account when commenting on landlord’s calculations for rent. While there are landlords who will maximise their opportunity to make higher yields, often many …
Read more >Moda Living has purchased the former Strathclyde Police Headquarters at Pitt Street and will build hundreds of rental apartments. Moda Living already have several large Build To Rent developments in England and this purchase will be their first in Scotland. Not only is it a clear indication of confidence in the Scottish rental market, it …
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