guaranteed rental scheme | Worrying outlook for static Scottish house market
We will regularly inspect your property, to ensure it is well-maintained and that everything is as it should be, ready for when you do get a tenant again. We will also continue to advertise your property, to show it to prospective tenants and to keep you informed every step of the way. And you can relax knowing that all the while this property is empty, you are still guaranteed rent payments and are still receiving a monthly guaranteed rental income.
House prices in Scotland have fallen in the last year and risk being left behind the rest of the UK, according to the latest LSL Scotland house price index.guaranteed rental scheme
Property prices in the nation fell 0.9% in the twelve months to May 2013, reaching a national average of £144,615. This figure is £1,257 lower than a year ago.
Edinburgh and Aberdeenshire are now the only two areas where the average house prices are above £200,000. By contrast, the average property in North Ayrshire costs £98,397.
Richard Sexton, director of e.surv chartered surveyors, said that the government in Scotland needed to make sure it didn’t get left behind as housing schemes are launched in other parts of the UK.
“Although it is not yet clear quite how high the Scottish government will put supporting the property market up their priority list, the UK government has taken a number of steps to boost the housing market,” he said.guaranteed rental scheme
“The Funding for Lending Scheme has been the most important one and has encouraged lenders to lower mortgage rates and reduce interest rates.
“George Osborne and the UK government are giving the property market a further helping hand with the Help to Buy scheme. That will impact the UK overall, and should help Scotland move forward into broad, sunlit uplands.”
View the original article here