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Changes to Private Landlord Registration Regulations

On November 13, 2019

Changes to the registration process affecting Private Sector Landlords took place on 16th September 2019. The Scottish Government have introduced a more comprehensive, rigorous application process in order to raise general awareness amongst landlords of their legal requirements. The changes should not have a significant impact on landlords who are already meeting the existing standards,

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Consent To Let

Posted on: April 29, 2015 /
Categories: Uncategorized

Many first-time landlords are unaware they need consent to let their property from their mortgage lenders.

Some lenders may approve an application without penalty others will charge a one-off fee, whilst some companies may increase the interest rate on the existing mortgage.

Depending on a mortgage company policy, it may be worth considering transferring to a buy-to-let mortgage. This may be a little more expensive than a residential mortgage and early repayment fees on an original mortgage may be incurred. A long term saving, however, may achieved be over the rental income and capital growth of the property would outweigh the initial set up costs.

For prospective landlords, an interest only mortgage may not only offer the benefit of cheaper repayment terms, but also potential tax advantages.

Please dont be tempted to go ahead and let without your lenders permission as this may breach the conditions of your mortgage agreement. This can have serious consequences culminating in the lender taking possession proceedings against you.

Our recommendation is to seek professional advice from an independent financial adviser who specialises in mortgages before making any decisions.

 

Customer Testimonials

"I would highly recommend using the agency Fine Lets Limited. Although the company itself is relatively new, the years of experience of its directors can be seen by their professionalism, vast knowledge and understanding of the market. Having dealt with several letting agents, Fine Lets Limited have by far been the best and have successfully found me suitable tenants and made the entire process of letting as easy and seamless as possible."
"I am delighted to say that since putting my properties in the capable hands of Fine Lets Limited my mind has been put at rest. This company provide a first class service. They are competent and efficient, the client's interests being a priority at all times. I would have no hesitation in recommending this letting agency."
"Fine Lets have provided a professional and reliable, yet personal letting service. All aspects of the property letting and management were handled promptly and in my best interests, and I am confident that any issues will be dealt with quickly and effectively. I have, and will continue to recommend Fine Lets highly as an agent for lettings and property management."
"My experience with Fine Lets Ltd has been excellent. From start to finish the process was made easy by the professional and friendly staff. Any issues were dealt with immediately. I was so impressed with the service I received that I have since moved to another property managed by Fine Lets Ltd which gives me great peace of mind."
"I have worked with Fine Lets for many years. They are professional, efficient and easy to work with - nothing is too much trouble. Having dealt with other letting agents, I would recommend Fine Lets to anyone, every time."
"I have worked with Fine Lets for many years. They are professional, efficient and easy to work with - nothing is too much trouble. Having dealt with other letting agents, I would recommend Fine Lets to anyone, every time."
I have been using Fine Lets Ltd for a few years now and have been absolutely delighted with the service provided. Fine Lets service charges are very fair, the customer service provided to both Landlord and Tenant, and the monitoring and care provided to the properties is first class. I work & live abroad for the most part of the year and have complete trust in Fine Lets to care for my properties and always have my best interests at heart. I highly recommend prospective landlords to utilise their services.
We appreciate the friendly and personal service provided by Fine Lets. They have been a great help in guiding us through all the paperwork needed to get our house on the market, as well as managing our property for us, making it a hassle free experience. We would definitely recommend Fine Lets.
Fine Lets have come up trumps again with fantastic service beyond our expectations. They are the best agent we have used for our Buy to Let Portfolio. Shame they don’t operate in Lancashire as we would love them to manage our Lancaster apartment! It is a great relief to us that we have someone we can rely on to look after our Glasgow investment for us.
Fine Lets have managed our property for a number of years now and short of being in the property ourselves, I can think of no-one better to trust your investment to; outstanding in all aspects.
I was continually frustrated by an attitude from other agents that seemed to be "take it or leave it". Then I spoke to the agent from Fine Lets and felt that I was talking to a person who genuinely cared about providing a good service to both the owner and the tenant. And after four years this has proven to be the case as I am delighted with the service and have received excellent feedback from tenants.
As first-time landlords, we are constantly impressed with the service we receive from Fine Lets. Jean is prompt, meticulous and always conducts herself in a very friendly and professional manner. With us being on the other side of the world, it is important that we feel secure that our home is being looked after, and Fine Lets provide us with this assurance. We would have no hesitation in recommending Fine Lets.
"Fine Lets Ltd let my property on a fully managed basis and I have been and remain delighted with their service. They are ever professional, very responsive, pay attention to detail and communicate quickly and efficiently regarding any issues with your tenancy or property, working with you to resolution. Your property is safe in their hands. I recommend them without reservation."
"I was introduced to Fine Lets on a recommendation from a good friend of mine. After several years of renting my flat out directly, and the hassle that goes with it, I was delighted with the service Fine Lets provided. Friendly, efficient and organised - Fine Lets were also able to help out with excellent trade contacts and upgrades to the flat. I'd thoroughly recommend Fine Lets to anyone letting out their property."
"Fine Lets was my letting agent of choice nine years ago and they didn’t disappoint. I have been delighted with the service they provided – nothing was too much trouble. I cannot recommend them highly enough!"
"For the last couple of years, I have been letting my property with Fine Lets. As a first time landlord, I thought the process would be daunting, but Jean helped me every step of the way and has done a tremendous job of managing the property while I’ve been overseas. I couldn’t have asked for a better letting agent!"