Buy-to-let market update

Buy-to-let market update

BY: Doug Hall, Director, 3mc Welcome to ‘Buy-to-let Market’, a column aimed at providing you with recent criteria and product updates within the buy-to-let lending markets. The information within this article is correct as at 31/01/2024. The Mortgage Works – has...
Changes to the Repairing Standard guidance

Changes to the Repairing Standard guidance

The Scottish Government has today updated its guidance on the Repairing Standard, primarily to provide further clarity in areas of the guidance which were causing confusion. Notable changes are as follows: Lead pipes The government has removed any mention of lead...
Increase in Local Housing Allowance rates

Increase in Local Housing Allowance rates

Following a four year freeze, Local Housing Allowance (LHA) rates will increase on 1 April 2024. A table showing the new rates can be found here.The LHA rate determines the amount that tenants in receipt of benefit can receive towards their housing costs. LHA rates...
Eviction moratorium to end on 31/3/24

Eviction moratorium to end on 31/3/24

The government has confirmed that the eviction moratorium will end on 31 March. This means that any landlord who has been granted an eviction order by the tribunal since 30 September 2023 will be able to engage sheriff officers to enforce the eviction in April. ...
Government confirms rent increase procedure from 1 April

Government confirms rent increase procedure from 1 April

The Scottish Government has confirmed the rent increase procedure which will apply when the rent cap legislation ends on 31 March 2024. For rent increase notices issued from 1 April 2024 onwards, the landlord can propose an increase of any amount. If the tenant wishes...

SALTalks with Caroline Elgar – new Repairing Standard requirements

Caroline Elgar, SAL policy manager, recently took part in a SALTalks event with John Blackwood, SAL chief executive, to discuss the new Repairing Standard requirements coming into effect from March 2024, and what this will mean for landlords in Scotland. You can now...