Landlords: How to successfully navigate tenancy legislation
If you’ve never been a landlord before, trying to get your head around the different parts of legislation relating to private tenancies can be dizzying. When you break it down, it’s not as onerous as it first appears but the key to simplifying…
Selling vs Renting Property in Edinburgh
When someone inherits a property in Edinburgh or they move home but retain ownership of their previous property, they have a decision to make about what to do with the empty property. Assuming they don’t want to keep it as a second home with…
There’s plenty to feel good about if you’ve invested in Edinburgh property. The city continues to perform well on a global scale with our booming Universities, growing tech sector and fantastic quality of life helping to deliver 41.6% house price growth over the past 5 years (compared to 25.1% growth…
So you own another property that you don’t live in. You might have lived in it previously and are now moving on. You might have inherited it. You might have had some savings that you realised would be wisely invested in property for the future. It’s a good investment that…
After a slow start ‘Build to Rent’ is starting to pick up momentum in the UK. According to the British Property Federation, build to rent homes completed in the UK is up 30% this year and it just been announced that Edinburgh-based Aberdeen Standard Investments has launched a
Our aim is for Umega Lettings to be one of the best small businesses to work for in the world. It’s an exciting and ambitious goal but we know we can do it. By working towards this we make life better for our tenants and landlords because when our team…
We’ve learnt a lot from letting and managing properties within Quartermile and other prime new build apartments in Edinburgh we’ve developed a good understanding of how rents vary between these new developments and traditional properties within the same area. We thought it would be interesting to compare rents within some…
Many landlords think that changing letting agent is a bit like changing your bank. That the process will be a real ‘faff’, it will be expensive and there is no guarantee that the new letting agent will be any better than the previous one. ‘Better the devil you know’ as…
This is the third blog in our series of dispelling the horror stories of property letting and this time we’re looking at how best landlords can safeguard against something ‘going wrong’ in their property.
Follow the legislation – firstly, make sure the installations in the property are adequate and operational.…
The second blog in our series of ‘Dispelling the horror stories of property letting’ relates to the nightmare situation of tenants not moving out of your property at the end of the tenancy.
First things first – Buy well! – Before we dive into how you can deal with a…
Whether you’re a seasoned property investor, someone venturing into buy to let for the first time or whether you’ve found yourself with a potential rental property somewhat ‘accidentally’ (after inheriting or moving out of it) I am sure you’ll have heard the stories related to “nightmare tenants”. While you can’t…
When purchasing a buy to let property in Edinburgh there are tax considerations for investors to keep in mind. While we’re not accountants (PLEASE DO speak to a qualified accountant for advice on your tax affairs!) here’s a brief explanation of how the rest tax changes affect buy…