The Key Place Newsletter, April 2017 1st Apr 2017

Welcome to the April edition of our newsletter, giving you current news from across the rental industry.  This month we are discussing how landlords are dealing with forthcoming tax changes.  Lindsays solicitors tell us about the new Scottish Private Residential Tenancies.  We look at deposit disputes - rent arrears are on the rise.  We give you some top tips on how to invest in buy to let wisely.  And finally tenants want to personalise properties - read the latest research.  We hope you enjoy The Key Place newsletter.  Please share with friends and they can subscribe to be added to our mailing list.

Making A House A Home 1st Apr 2017

Recent research by Plentific found that tenants are increasingly keen to personalise and improve their rental properties and landlords should facilitate this trend. This argument is supported by The Association of Independent Inventory Clerks.

Marketing Rental Properties 1st Apr 2017

Tenant demand is riding high, however it is still vitally important for The Key Place to do everything we can to give your property the best possible exposure. We have a carefully chosen marketing package designed to do just this. We also put time into raising the profile of The Key Place, so both landlords and tenants know where to come for a quality service. We do all of this through the following means across all of our locations: • The Key Place letting boards – these are erected in the most visible location allowed at all of our available properties. People moving within the local area, or passing through looking for a new home can easily see what we have for rent.

Investing Wisely 1st Apr 2017

Choose the right property, at the right price, in the right location.

Scotland's New Tenancy Regime 1st Apr 2017

Lindsays is an award winning law firm that combines a high quality of service with legal expertise to deliver the best possible outcomes and results for individuals, families and businesses. Within the housing sector, the Lindsays team offer a wide range of specialist legal services for landlords. Follow the link below to read Lindsays' information for landlords on Scottish Private Residential Tenancies – the new regime. 

Deposit Disputes 1st Apr 2017

Recent research by the Tenant Deposit Scheme (TDS) has found that disputes over rent arrears has risen by a whopping 90% - from 10% to 19% year on year.

Tax Relief Changes 1st Apr 2017

As we have previously mentioned, changes are afoot to mortgage tax relief. At the moment, landlords are able to claim tax relief on their mortgage interest payments at the rate of tax they pay. Therefore if they are a higher-rate taxpayer, they are currently able to get 40% or even 45% tax relief on their mortgage interest. This will be capped at 20% – the equivalent of the basic rate tax – regardless of what rate of tax they are paying with this change being tapered in between April 2017 and April 2020. Currently landlords are able to deduct the cost of their mortgage interest from their rental income when they work out the profit on which they have to pay tax. If landlords are no longer able to do this in full, they face an increase in the amount of tax they have to pay. Landlords...