How to protect your letting deposit in Scotland

How to protect your letting deposit in Scotland

Scottish tenancy deposit guide ost private landlords and letting agents in Scotland ask for a deposit, either on signing the lease or just before you move to your new rented home. Usually the deposit is equal to one month’s rent; the maximum deposit has been capped at twice the monthly rent. Your letting agent or...

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Where to invest in an HMO in Edinburgh

Where to invest in an HMO in Edinburgh

Best Edinburgh HMO locations Edinburgh, the capital of Scotland, is a thriving student city with four universities. Undergraduate and postgraduate students, 60,500 in total, this constitutes 12% of the city population (513 thousand in 2017). 27.5% of the higher education students in Scotland in 2017 live in Edinburgh. At the end of 2017 there were...

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Will You Let Your Property in 2020?

Will You Let Your Property in 2020?

New energy efficiency legislation will affect private rental sector Landlords with poorly insulated properties may not be able to put them on the market from April 2020 onwards – and the energy performance criteria will be stricter every year until 2025. On 1 April 2020, Scottish landlords will no longer be allowed to grant new...

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The Best Collection of Haunted Houses in Edinburgh!

The Best Collection of Haunted Houses in Edinburgh!

These properties are not suitable for ghost-busters… nor witchers, vampire slayers or witch hunters. We offer a horrifyingly good selection of spooky houses with ghost rooms! Properties benefit from: Screaming Cupboards, Haunted Halls, Creepy Kitchens, Sleepless nights guaranteed!   Low rent, from 3 to 6 souls per month. Pets considered – werewolves only. References will be checked....

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Residential property rent growth flattens in Edinburgh in Q3 2019

Residential property rent growth flattens in Edinburgh in Q3 2019

Seasonal lettings market update Citylets have just published their quarterly rental market report and its Edinburgh section makes an interesting read. The upward trend of rent increases has continued in Q3 2019, rents rose by 3.6% on an average year on year – but the rent growth has slowed down significantly from 5.8% annual average based on the...

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The total cost of an HMO investment in Edinburgh

The total cost of an HMO investment in Edinburgh

How much will you have to spend on an HMO? One of the most frequent questions from prospective landlords or property investors is: ‘How much does it cost to get an HMO licence in Edinburgh?’ And obviously, landlords and investors are not just asking about the licence fee! Edinburgh Council’s Houses of Multiple Occupancy (HMO)...

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HMO licence transfer in Edinburgh

HMO licence transfer in Edinburgh

What should you do to transfer an old Edinburgh HMO licence HMO (Houses in Multiple Occupation) licensed properties achieve higher rents and higher asking prices in comparison with similar non-HMO properties when they are put for sale. It means that obtaining an HMO licence, in Edinburgh or elsewhere, can add value to the property and...

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Edinburgh letting agents and their fees

Edinburgh letting agents and their fees

How much do letting agents in Edinburgh really cost? If you think that your agent’s ‘full property management’ fee covers everything, you are more than likely to be wrong – most agents charge at least a marketing fee on top of the full management commission. Some letting agents in Edinburgh and beyond may entice you...

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Advice for Edinburgh tenants: guarantors and advance payments – | Edinburgh Letting Centre

Advice for Edinburgh tenants: guarantors and advance payments – | Edinburgh Letting Centre

How to rent a property in Scotland if you are a full-time student Private rental sector in Scotland has its own rules, some of which are enforced by mortgage lenders, some stem from the guidelines of leading professional bodies (ARLA/Propertymark, The Property Ombudsman) or Scottish government legislation (for example Private Rental Tenancy Agreement, introduced in...

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Edinburgh HMO noise exemption rules and forms

Edinburgh HMO noise exemption rules and forms

How to waive carpeting requirements The Edinburgh Council has recently upgraded their website and, unfortunately, the section with template HMO noise exemption forms is no longer active; the previous hyperlinks no longer work. As per our conversation with the Licencing Team in early January 2020 – the old forms available in 2019 are still acceptable....

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