Blog

Private landlords are facing challenging times, particularly with the recent news of the rental price cap remaining in force until next March. These measures can add to the complexities of managing rental properties and impact landlords' ability to adjust rental prices according to market conditions.

If in 2023 you are planning on moving north of the border, it may be helpful for you to understand some of the differences between the Scottish and English property conveyancing processes. Here at Macnabs we are frequently instructed by people looking to relocate from England to Scotland, even more so over the last few years with clients looking to move out of city centres for a more rural lifestyle as the work life balance has changed.

Deputy First Minster John Swinney announced a number of changes yesterday in order to try and raise additional revenue to support Scotland’s NHS and other public services. One of them being an increase to the Additional Dwelling Supplement (ADS), impacting those purchasing a second home or investment residential property.

Being a private landlord can be a great way of providing an extra stream of income, however it is not always straightforward. Not only is managing a property time consuming, but there is a lot of red tape to deal with, and legislation and tax reliefs are constantly changing.