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EXPERT ADVICE

How to invest in property in 2025

Considering creating a property portfolio this year?
ESPC Lettings’ Head of Lettings, Nicky Lloyd explains how it’s done.

Think about your mortgage
Lenders usually base how much
you can borrow by how much rent
you will charge, rather than your current
salary. This requires planning and research
to make sure your rental income will cover
your mortgage repayments and any additional
expenses, such as insurance and building
management fees. Mortgage advice is very
helpful when you’re starting out, to help you
secure a specialist buy-to-let mortgage if Keep up with changes to legislation
you’re not a cash buyer. There are many responsibilities that landlords
need to be aware of, especially when it comes
ESPC Lettings can help you build and develop to laws and regulations. For instance, in the past
your portfolio with continued buy-to-let year alone, we’ve seen many changes to rental
advice and regularly review your portfolio’s legislation, including changes to the Additional
performance to ensure you are getting the Dwelling Supplement coming into force in
best return. December 2024, and rules around rental rate
t’s well-known that there is a huge What kind of investment do you want? increases (both in and out of tenancies) and
demand for housing in Scotland, and The first step is working out your budget, and your Consider the area the right to serve eviction notices.
Iespecially in Edinburgh. Privately rented preferred property type. Do you want a compact If you’re considering investing in a buy-to-
properties make up 14% of Scotland’s city flat, or a family home in the suburbs? Can let property, the location is one of the most Being a landlord is a commitment and
households but demand suggests this figure you afford a turnkey home, or will you need to important factors to consider. The location something that you should take seriously,
could be higher, so if you’re considering renovate? can often determine the type of tenant you but it can be easily managed by choosing to
property investment, now could be a good will attract as well as be an indication on how use a lettings management service, like ESPC
time to take the leap. ESPC’s monthly House Price Reports offer great quickly the property may let. Lettings. We can guide you in managing all
insights into property prices in various locations, aspects of your property, including marketing,
Scottish private rental rates have increased so you can work out where your money will We found one-bedroom properties in the EH3 vetting tenants, rent collection and inventories,
dramatically over the last decade, meaning stretch furthest. At ESPC Lettings, we can also postcode and three-bedroom homes in EH8 to make the process smooth and simple.
that they can be a great long-term revenue advise on the best Edinburgh postcodes in terms performed best during the third quarter of
stream. Property prices are also fairly of expected rental yield. 2024, offering the highest yield (7.5%). EH3 ESPC Lettings
steady at the moment, meaning you could covers the world-famous New Town and all of ESPC Lettings is a letting agent based in
buy a property for closer to its valuation You’ll need to budget for any renovations or its glorious Georgian architecture in the heart Edinburgh. If you’re interested in entering the
price, making the initial investment more updates the property may need, an HMO licence of the city, while EH8 spans neighbourhoods buy-to-let market, the team can offer expert
affordable. if you wish to take that path, and a contingency including Meadowbank, Willowbrae, Abbeyhill advice on your buy-to-let properties and
for ongoing maintenance. To attract a good rental and Newington, and offers a variety of homes portfolio and also provide a fully managed
Ready to purchase a buy-to-let home this rate and happy, responsible tenants, the property suited to students, young professionals letting service for landlords. Get in touch
year? Here’s what you should consider when should be appealing: well-presented, secure and working in the city and families looking for a with the team on landlord@espc.com or
building your property portfolio. weathertight – somewhere you’d be happy to live. home close to good schools. 0131 253 2847 to find out more.

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