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Legislation
Legislation Update
LEGISLATION UPDATE BLOG ( Date: 31.3.22 ) The Scottish Government has announced that from the 31st March 2022, landlords will no longer need to serve 6 months notice to bring a tenancy to an end. The 6 month notice rule was introduced by the Scottish Government as part of a number of emergency laws that were introduced into the Scottish Private Rented Sector in 2020 as a response designed to help make the rental sector more stable during the upheaval that the COVID pandemic caused on the market. The Scottish Government had explored making the 6 month notice rule permanent as part of their agenda to create a New Deal for Tenants, but the evidence shows that this particular rule change has not been good for the sector. The Scottish Association of Landlords presented evidence to the Government showing that, due to the extended notice periods, some tenants were accruing rent arrears that they remain liable for and could never afford to repay resulting in a negative situation for all concerned. The rolling back of notice periods to the pre-pandemic rules (where landlords serve either 28 days or 84 days’ notice on tenants depending on the circumstances) is very good news for the sector as there is a definite shortage of new landlords and rental properties which is having an extremely negative impact on the number of available properties in the market. This in turn is heating the market and driving asking rents up as more and more prospective tenants compete for fewer properties. The government also announced this week that the temporary downgrading of compulsory grounds for repossession to discretionary, which was part of the same emergency laws introduced in 2020, will continue until September 2022 and will thereafter be reviewed again. This shouldn’t affect most cases for repossession as long as landlords can demonstrate a strong enough case for taking back their properties under one of the grounds for doing so. The Scottish Government is currently considering the simple measure of restricting rent levels on the market, but the evidence shows that a change like this would have a negative impact on the number of landlords and properties in the market, exacerbating many of the issues the government are trying to address. This highlights the importance for landlords to have qualified and knowledgeable agents managing their properties to ensure that they are receiving the most up to date and accurate advice relating to eviction actions and general management of the property. If you need any help with evictions, tribunal applications or management of your property, please do not hesitate to contact Cairn and one of our qualified and experienced property managers will be on hand to help with all of your queries. For Glasgow 0141 270 7878, Edinburgh 0131 346 4646 or Portobello 0131 622 6215
Edinburgh, Landlords, Legislation, Services, Tenants
Switching Letting Agents in Edinburgh: Advice for Landlords
Switching Letting Agents in Edinburgh: Advice for Landlords Are you a property landlord thinking of switching letting agents in Edinburgh? Read on for some top tips & advice from Cairn. Expensive maintenance charges. Substandard repairs. Poor communication. Late rent payments. And every time you call, it’s someone different on the other end of the line — and they don’t know you or your property. As a landlord, the last thing you need is a letting agent mismanaging your property. If the above sounds familiar, it could be time for a change. And despite some common misconceptions, switching letting agents is easier than you think. Moving Letting Agents in Edinburgh: Common Misconceptions Many landlords see changing letting agents as a hassle they can live without, so they stay loyal to an agency, even if they’re not meeting expectations. Others think they need to wait until the property is empty before switching, while some simply don’t see the point in moving. After all, a letting agent is a letting agent, right? Wrong. Let’s deal with these misconceptions, one by one: 1. “I have to wait until the end of the tenancy before changing agents.” This isn’t true. The Tenancy Agreement is between you (the landlord) and your tenant. The agency has been hired to manage your property — switching agents won’t impact the agreement. In fact, it’s often easier to change agents with a tenant in place, as it means the new agent can take over the management of the property without the additional need to advertise and place a new tenant. 2. “Every letting agent in the Capital is the same; there’s no point in switching.” Most letting agents provide similar services. However, the way in which these services are delivered can vary from one agent to the next. Think of it like having a favourite coffee shop, even though you can get a coffee almost anywhere. There’s more to it than simply getting what you asked for. Likewise, the very best letting agents in both Glasgow & Edinburgh are doing more than making sure rent is collected on time. They’re fully regulated, understand the legislation involved, prioritise quality customer service, and offer professional and reliable communication at all times. 3. “Moving to a new letting agent is more fuss than it’s worth.” Switching from an underperforming agent to one who values a strong working relationship and cares for your property and its tenants is absolutely worth the fuss — if it can even be considered “fuss” in the first place! In reality, there’s little you need to do in order to switch. Beyond giving your current agent written notice that you plan to leave, your new agent will handle everything on your behalf. Case in point… Switching Letting Agents in Edinburgh (It’s Easier Than You Think) At Cairn, we make switching simple. From liaising with your current agent to communicating with your tenant(s), we take care of every last detail, including: The acquisition of a detailed handover from your current agent. This will include information related to rent arrears, payment plans, planned maintenance, and outstanding tenant requests; The transfer and recording of the latest safety certificates; The transfer of all keys, up-to-date inventory, and the current lease agreement (if applicable); And the provision of a new point of contact and updated bank details for rent payments to your tenant(s). You are appointed a property manager so you are dealing with one point of contact. Our qualified and experienced property managers conduct audits on documents sent to us to ensure that all legal responsibilities are met and the landlords interests are protected. Cairn have branches in Portobello ( 0131 622 6215 ) & Edinburgh City ( 0131 346 4646 ). If you’re interested in changing letting agents in Edinburgh, visit our Getting Started page or contact our friendly team for more information.
Buy To Let, Edinburgh, Investment, Property Investment
Why Invest in an Edinburgh Portfolio?
Why Invest in an Edinburgh Portfolio? Want to invest in an Edinburgh portfolio? Discover the reasons why Scotland’s capital is the place to be. With a thriving economy, six universities and a growing population that could reach 600,000 within the next 10 years, it’s no surprise that Edinburgh is considered one of the best places for buy-to-let in the UK. And high demand for properties means higher rental yields, allowing you to receive healthier returns on your investment! Read on to discover the top reasons to invest in a buy-to-let portfolio in Edinburgh. 4 Reasons to Invest in an Edinburgh Portfolio: 1. A Booming Economy Edinburgh, the capital city of Scotland, is the powerhouse of both the Scottish and wider UK economy. Consistently one of the most prosperous parts of the country, it has the strongest economy of any city outside London. A booming economy means more jobs, resulting in a greater need for housing as more people move to the city. And not only does the city have a healthy employment rate of 76%, but around 40% of the workforce are in high-skilled (well-paid) jobs. 2. Rising Population Another reason to invest in buy-to-let in Edinburgh is the city’s rising population. A new report shows that it grew by 12.3% in the ten years to 2020, up from an estimated 469,930 to 527,620. This figure is expected to rise to over 600,000 by 2035, potentially becoming more populous than Glasgow in the near future. More people means greater demand for housing stock, which is great news for buy-to-let investors. Read more: Edinburgh Property Investment: Is It Worth It? 3. A flourishing student market With six universities and three colleges, Edinburgh has a flourishing student market. The city is home to students from across the UK and around the world. Thousands come not just for its elite educational reputation, but for its rich and fascinating heritage, architecture, and food and drink scene. Since full-time students comprise over 12% of the population of Edinburgh, there’s a huge need for quality rented accommodation. HMO student accommodation is particularly sought after in the city. This is because it’s generally more affordable for students since several people will be splitting the rent, and it also offers a more social experience. Since the universities aren’t going anywhere, investing in a student HMO is usually a sound investment. Some of the key areas for student property investment are Abbeyhill, Marchmont, Balerno, Chesser, Bonnington, Currie, Dalry, Gorgie, Juniper Green, Haymarket, Fountainbridge, Polwarth and Slateford. Read more: Buy-to-Let in Edinburgh: Where to Look? 4. High rental yields With so many reasons for people to live, work, and study in Edinburgh, it’s no surprise that property here is in such high demand. As well as local residents and the huge student letting market, there’s also a flourishing tourist and holiday letting market. This has become particularly attractive for Edinburgh landlords in recent years, resulting in the city boasting some of the highest rental yields in the country. According to Totally Money, Edinburgh buy-to-lets can offer excellent yields of well over 6%. Next Steps: Find an Edinburgh Portfolio We’ve written previously about how to find a property portfolio for sale in Scotland, so you may want to continue reading there. Or, if you’re ready to invest in an Edinburgh portfolio, we’re here to help. We have a proven track record in helping investors secure profitable buy-to-let investments, with multiple portfolios sold within the last six months alone. Get in touch to learn more.
Edinburgh, Investment, Property Investment, Property Partners
Why Use Our Property Development Services in Edinburgh?
Why Use Our Property Development Services in Edinburgh? Are you looking to invest in property in Scotland’s capital? If so, Cairn can help. We offer a range of property development services in Edinburgh, helping our clients maximise their investment. Whether you’re an experienced investor or new to the game, we can provide the guidance, support and assistance you need. Read on to learn more. Cairn’s Property Development Services in Edinburgh: 1. Free guidance, analysis, and recommendations Firstly, our experienced team are on hand to provide guidance at any stage of the development process. From supplying valuable insight into current market trends to advising on legal requirements, we’re with you every step of the way. Our team can also carry out a full assessment of your property in line with market standards, advising on the type of work required to maximise letting potential. And we can even provide estimates and suggest options to help you stay within budget. 2. Complete project management Secondly, when you use our development services in Edinburgh, you’ll benefit from complete project management. We can handle every part of your project, from providing a detailed plan of the required works to receiving quotes from approved contractors (and even negotiating contracts). We can agree on timescales to reflect your needs and negotiate fixed prices to improve budget management. We’ll inspect the work as it’s being carried out and later arrange a snagging inspection to ensure that high standards of workmanship have been maintained throughout. And anything which hasn’t been completed to the specification agreed can be rectified as quickly as possible. 3. Preparation of planning permission and building warrant applications Property development often requires you to get planning permission and a building warrant before you carry out work. This can include converting, altering, extending or demolishing any part of a property. At Cairn, we take care of the paperwork for you. We complete all forms and drawings to a professional standard and with the highest level of accuracy. And that’s not all. We can also help you apply for the Completion Certificate – a key document that confirms work has been carried out in agreement with the approved plans and specifications, as well as Building Regulations. 4. Carrying out design improvement to your property Finally, our work doesn’t always stop once the building work is complete. If required, our development services can also include cosmetic improvements to your property, helping to increase both its value and letting potential. Our in-house team of designers deliver eye-catching, trendy interior design. We’ll provide expert guidance on everything from picking fixtures and fittings to choosing the perfect finishes for your property. And everything we suggest will meet with current regulations and reflect your investment profile and budget. Learn More About Our Property Development Services in Edinburgh Cairn has been delivering property development services in Edinburgh for many years. Whether you’re searching for new investment opportunities or need help maximising your returns, our team of experts can help. Get in touch to learn more.
Glasgow, Hints & Tips, Selling, West End
Top Tips for Selling with Glasgow West End Estate Agents
Top Tips for Selling with Glasgow West End Estate Agents Discover why selling with expert Glasgow West End Estate Agents can help you make a quick and profitable sale. Glasgow’s West End is a lively, bohemian area popular with uni students and young professionals. Boasting beautiful Victorian architecture, independent shops, museums and galleries, trendy cafes and bars, and leafy parks, it’s one of the most in-demand areas of the city. If you have a property here and want to sell it quickly and at the best possible price, read on. Here are our top tips for selling your Glasgow West End property. 4 tips for selling with Glasgow West End Estate Agents 1. Sell in the Spring While demand continues to outstrip supply in the West End, you’ll receive more interest if you sell during the Spring. Most home-movers start looking for properties in March, April, and May. You can expect increased competition between buyers at this time, giving you the best chance of sealing a profitable deal. Plus, the nicer weather makes spring a great time of year to put your West End property on the market. 2. Shortlist reputable Glasgow West End estate agents To boost your chances of getting the price you want for your property, it makes sense to work with established Glasgow West End estate agents. Find local estate agents with a proven track record of selling properties like yours in the West End. Invite your shortlisted estate agents to the property to conduct a valuation and discuss how they’d market it effectively. A good estate agent will market your property via a range of methods, from advertising it on websites such as Rightmove and Zoopla to email marketing and social media. 3. Identify potential buyers The key to preparing, marketing and selling your property is understanding your potential buyers. The best strategy is to keep the widest pool of buyers in mind, since the more potential buyers you have, the more likely you are to receive offers. Fortunately, as one of Glasgow’s favourite residential areas, property in the West End is constantly sought after by students, young professionals, and families alike. Since Glasgow University is here, some parts are popular with students and faculty, including Hillhead, Dowanhill, and Partick. This means students or parents of students are likely to be amongst those most interested in your property. 4. Prepare your home for sale Glasgow West End estate agents can help you prepare your home for sale, giving you the best possible chance of selling it quickly and at the best price. As well as arranging a home report for the property (a legal requirement in Scotland), we can also advise on carrying out maintenance and repairs and styling and staging. We can advise you on how to decorate rooms so the property is showcased in the best light and appeals to the aspirations of your ideal buyer. For expert assistance selling a property in Glasgow’s popular West End, get in touch with our team today. Let us do your viewings it takes the stress off you and we know the market. We can carry out viewings at weekends too allowing you time to relax.
Edinburgh, Hints & Tips, HMO Properties, Letting, Student Accommodation
Why We’re the Best Edinburgh Letting Agents for Students
Why We’re the Best Edinburgh Letting Agents for Students Searching for Edinburgh letting agents for students? Look no further! As a student embarking on the college or university experience, you have some big choices to make. One of these is where you’ll live while you’re there. The truth is, your choice of accommodation can have a major impact on your enjoyment of student life. Not only should it be safe, secure, and clean, but it should be within close proximity of the main college or uni buildings. For this reason, it makes sense to work with a reputable Edinburgh letting agent for students. At Cairn, we’ve been helping students find suitable accommodation in the city since 1999, building a fantastic reputation for our professional, caring services. Why we’re the best Edinburgh letting agents for students Expert assistance for student tenants Believe it or not, some letting agents in Edinburgh won’t help student tenants. At Cairn, it’s something we specialise in, with our team helping hundreds of students source accommodation every year. There’s nothing we enjoy more than helping students find the perfect place to live whilst studying in this fantastic city. We offer support and assistance every step of the way, from viewing student properties to reporting repairs once you’ve moved in. We provide the link between you and the landlord, with our team working in your best interests throughout the whole tenancy. Edinburgh’s top HMO experts Many students opt to live in an HMO property in Edinburgh. Often, this is a good move, especially as it allows you to split the bills several ways depending on how many people live there. This makes it much more affordable than many other accommodation options. Living in an HMO is also a fantastic way to meet new friends in the city. Of course, not all HMOs are of the same standard. That’s why it’s best to contact us to help you find an HMO that’s fully licensed and regularly inspected. We are HMO specialists in Edinburgh & Glasgow, working with many reputable HMO landlords in the city. Your local letting agent At Cairn, we’re proudly local, with our team committed to serving those living, working, and studying in the city of Edinburgh. You’ll find us on Haymarket Terrace, not far from the main university buildings. Our strong local presence means we’re always on hand to deal with any issues right away. Living away from home for the first time can be daunting, however, you can relax in the knowledge that you have an experienced Edinburgh letting agent on hand to assist you in any way we can. Simply pop into the office and let us know how we can help. We have a first-class knowledge of the city, which means we’re best-placed to help you find the perfect student accommodation. Cairn: Your Edinburgh letting agents Finding the right accommodation in Edinburgh can be challenging, especially if it’s your first time living away from home. Fortunately, Cairn is on hand to help you find the right student let in the city, helping you settle into your new flat in no time at all. Get in touch today to find out more.
News
PRESS RELEASE
Press Release Lockdown leads Cairn to hit acquisition trail with aim of doubling turnover and portfolio within five years. The lifestyle impact of lockdown as a result of the Covid-19 pandemic has led Glasgow-headquartered Cairn Estate and Letting Agency to embark on an ambitious expansion strategy with the aim of doubling both its turnover and […]
Buy To Let, Glasgow, Hints & Tips, Investment, Property Investment, Student Accommodation
Why Work With A Glasgow Estate Agent To Buy Property For Your University Bound Child
Why Work With A Glasgow Estate Agent To Buy Property For Your Uni-Bound Child An expert Glasgow estate agent can help you find the best deal for a second property — especially if it’s for your student-aged child. More and more parents are choosing to buy property for their children as they head off to university in Glasgow. And while this might seem like an extravagant move, it can be a wise long-term investment that benefits your family long into the future. Glasgow estate agents can help you find suitable properties at surprisingly affordable prices. Read on to find out why working with an estate agent to buy your child a property to live in may be a better option than renting student accommodation. Why Buy Property for a Student: Glasgow Estate Agent Advice 1. It’s a long-term investment Buying a property in Glasgow remains a fantastic investment. While it’s one of the least expensive cities in the UK to buy property, house prices here are increasing year on year. In fact, the average house price soared by a massive 14% in the last 12 months alone. There’s also a huge rental demand in the city, making it the ideal place to buy to let. With that in mind, you could opt to rent out spare rooms in the property to help pay the mortgage and other costs. A good Glasgow estate agent can help you select the right investment property in the city. 2. Help your child avoid sky-high rents According to Rightmove, the cost of renting in Glasgow has rocketed by 10% since the coronavirus pandemic started, with the average rent in the city now £992 per month. This is well worth considering when deciding whether to buy your child a property while studying at university. Buying a property is likely to be much more cost-effective once the initial costs have been paid, with average mortgage payments often significantly less than average rent payments. Read more: Why We’re the Best Glasgow Letting Agents for Students 3. Help your child onto the property ladder early Helping your child onto the property ladder at an early age will benefit them long into the future. Although property values may drop over the course of the mortgage, they’re still likely to rise overall. Therefore, if you buy your child a property while house prices are lower, the value in the house will increase as the market recovers. And if they get on the property ladder at 18, they stand to have considerable equity in their property by their late 20s and 30s. They are also more likely to be mortgage-free at an early age, giving them greater freedom to retire early if they choose to. Buying Property for the Student in the Family? Use a Reputable Glasgow Estate Agent Knowing where to start when buying a property for your child can be difficult, particularly if you don’t live in the city. That’s why many parents choose to work with Glasgow estate agents with expert knowledge of the different properties currently on the market. A local estate agent can help you find the right property for your child, helping to secure an investment that benefits your family long into the future. To buy your child a property to live in while studying, contact a leading Glasgow estate agent (like Cairn!). We can help you find a suitable home in the city at the right price. Get started here.
Hints & Tips, Tenants
Going Home for Christmas: Everything Tenants Need to Know
Going Home for Christmas: Everything Tenants Need to Know The Christmas holidays will soon be upon us, which means you’re probably already making plans to go home and eat your body weight in turkey and mince pies. However, before you head off to celebrate the festive season with your loved ones, you must ensure your property is safe and secure. Not only is Christmas a popular time for burglaries, but household problems are also more common during this season. Issues such as burst pipes and boiler breakdowns can often occur during the winter months as temperatures plummet. So, read on to find out the top things tenants need to know before going home for Christmas. 1. Check all windows and doors are locked Always check (and double-check) that all the windows and doors are shut and securely locked when you leave the house to go home for Christmas. If you have a spare key, make sure it’s not hidden in a place that’s easily accessible. Thieves are accustomed to checking in obvious places such as under doormats and flowerpots. Instead, leave it with a neighbour you trust. And if your property has a burglar alarm installed, make sure it’s set before you leave for Christmas. 2. Make the house look occupied Another way to deter burglars from breaking into your home is to make it look occupied. You can do this by leaving a light on or hanging coats up in the porch or hallway. In some houses, you can set the lights to switch on at a specific time with an electronic timer. This can be an easy and affordable way to create the illusion that someone is at home during the festive period. Also, avoid broadcasting your plans on social media since this can make criminals aware your property is empty. 3. Carry out essential property maintenance Drainage issues are common during the winter months. However, fortunately, you can often quickly fix them yourself. Try using a drain unblocker and plunger before calling an emergency plumber to your home at Christmas. You should also ensure your radiators are bled and that the boiler pressure is topped up. Keep in mind that any emergency callouts not classified as emergencies will be chargeable to you. Callouts over Christmas can be very costly. 4. Find out utility companies phone numbers We recommend having the phone numbers of your utility companies on hand in case of emergency. If there’s a power cut in your area, please contact SP Energy Networks If there’s no water in your area, please contact Scottish Water 5. Check smoke alarms are working It’s essential to think about fire safety when leaving your property to go home for Christmas. Check the smoke alarms on all levels to ensure these are working (replacing batteries, if necessary). You should also ensure there are no fire hazards while you’re away, such as Christmas tree lights left on or overloaded electrical sockets. Have a safe and happy Christmas from all of us at Cairn! Going home for the holidays lets you spend quality time with friends and family — and take a well-earned break from your work or studies. However, if you plan on vacating your property for longer than two weeks, please make sure you let us know. Contact us here. We hope you have a wonderful Christmas and a Happy New Year!
