Letting and Landlord Insurance in Scotland
including Edinburgh and Glasgow

The main centres for rental property in Scotland are of course the two major cities of Edinburgh and Glasgow. Of course there is quite a lot of rental property available in Aberdeen, which is very important to the North Sea Oil Industry. Other important towns include Dumfries, Inverness and Fort William.

In Scotland, property law is different from England and Wales, particularly in regard to purchasing. Instead of an offer being 'subject to contract', all serious offers are put in writing and are not subject to contract. In effect, by submitting an offer at a given price the prospective purchaser is makig a contract to buy, assuming that the offer is formally accepted by the vendor in writing. Likewise, the vendor is legally contracting to sell at that price to that purchaser.

The advantages of this method of purchase are that it avoids the practice of gazunping and gazundering, where either the purchaser or vendor decides to change the agreed selling price at the last minute just before exchange of contracts. However, it has the great disadvantage that purchasers have to spend quite a lot of time and money before even bidding. Bearing in mind that properties in Scotland are usually advertised as wanting 'Offers Over' a certain price, people have to almost guess how much above the stated price they need to bid to secure the property. Thus, losing bidders will have completely wasted their time and money.

Renting and Letting houses and flats in Scotland

The laws surrounding the letting of property in Scotland are similar to England and Wales although there are some differences in the wording of tenancy agreements. An important difference is that all landlords, apart from those simply letting rooms in their own house, must be registered.

Edinburgh has a high student population at the University of Edinbugh, which naturally generates a high demand for stident accommodation in the area. The university is situated on the south side of the city centre just off Nicolson Street. Edinburgh also experiences very high short term demand for rentals in August during the famous Edinburgh Festival.

Glasgow University is also a source of high student lettting demand, it is situated in central Glasgow on Cowcaddens Road, just south of the M8 motorway.

There are several kinds of Landlord Insurance for Scotland landlords that are well worth considering, whether you have one property or many properties.

Landlord Insurance comes in the following forms: Rent Guarantee with Legal Expenses Insurance for Scotland Landlords, Legal Expenses only Insurance for the capital's landlords, and Landlord Building and Home Contents Insurance. There is also Tenants Contents in Scotland Insurance which is useful for landlords as well as tenants.

Legal Expenses Insurance for Scotland Landlords

Hopefully you will never have any problems with your tenants, but if you do, you are probably going to need good legal help to evict them and/or recover rent that might be unpaid.

This is where Legal Expenses Insurance will be really useful. Through Maras, a single one-off premium of only £39.50 will ensure that you are covered for legal assistance from one of their panel of selected solicitors to deal with the problems.

Scotland Landlords Rent Guarantee combined with Legal Expenses Insurance

Obviously it's great that you can be covered for expensive legal fees in the event that your tenant(s) stop paying rent, but with Rent Guarantee combined with Legal Expenses Insurance through Maras you can insure that if your tenant ceases to pay the rent that after a 'grace period' of one month, your rent will continue to be covered up to a maximum of £2500.00 per calendar month for only £98.70 per year. This policy can also be used for a six month period for a reduced premium.

Remember that if would like to take out Scotland Landlord Rent Guarantee & Legal Expenses Insurance that there are certain conditions which must be met at the outset of the tenancy. These are that your tenant must be Credit Checked by a recognized agency, two forms of ID , including one with a photograph of the tenant is supplied, and Proof of Employment is obtained. Also, the tenant must not be handed the keys until the full moving in monies in cash or Bankers Draft or Electronic Funds Transfer have been received and the insurance company has approved and issued your policy.

In fact, just making prospective tenants aware that you will be requiring proper and thorough references can often put off dodgy tenants!


BEFORE getting a quote for Landlord Rent Guarantee &/or Legal Expenses please click here FIRST for details of how to reference.*
See our Rent Guarantee FAQs page for further advice on these policies.


Click panel above for INSTANT QUOTE FOR LANDLORD RENT GUARANTEE & LEGAL EXPENSES INSURANCE.
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Landlord Home Contents Insurance

If you are letting your property furnished, although you will to some extent protect your possession against damage by the tenants with the landlord security deposit, often this will not be sufficient. This is where it's a good idea to consider Scotland Landlord Home Contents Insurance, and you can get an instant online quote for this through Maras.

Also, unless your property is a flat where the building fabric itself is already covered within your payments to the management company then you will have to also make sure that you have adequate Landlord Buildings Insurance cover. It's advisable to get some professional estimate for the likely cost of reconstructing the property in the even that it should be destroyed.


Click panel above for INSTANT QUOTE FOR LANDLORD BUILDING AND/OR HOME CONTENTS INSURANCE
On 'PROPERTY DETAILS" You can select 'Buildings' OR ''Contents' OR both.
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Tenants Contents Insurance

Tenants Contents Insurance is insurance that is taken out by tenants to cover their own property in Scotland. You may also like to suggest that they include any items belonging to you as a way of helping to protect their security deposit in the event that they damage any of the items in the inventory.


Click panel above for INSTANT QUOTE FOR TENANTS CONTENTS INSURANCE
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*Subject to the Terms & Conditions of the Rentguard Policy wording

Letting agents for Scotland

Lettingweb.com
36A Albany Street, Edinburgh. EH1 3QH
Tel: 0845 855 8555

Anna Harper Lettings
63 St.Stephen Street, Edinburgh, EH3 5AH, Tel: 0131 225 2745

Dickins Festival & Short Lets
17 Dundas Street, Edinburgh, EH3 6QG, Tel: 0131 557 0700

Braemore Property Management
Brae House 53 Dundas Street, Edinburgh, EH3 6RS,
Tel: 0131 624 6666

Charles White Limited
92 Morningside Rd, Edinburgh, EH10 4BY, Tel: 0131 447 8191

Crichton-Stuart Management
20 Manor Place, Edinburgh, EH3 7DS, Tel: 0131 220 4817

Dove Davies & Partners
9-11 Atholl Place, Edinburgh, EH3 8HP, Tel: 0131 228 3999

James Gibb Property Management
4 Atholl Place, Edinburgh, EH3 8HT, Tel: 0131 229 3481

Jenners Property Lettings
108 Princes Street, Edinburgh, EH2 3AA, Tel: 0131 271 5000

Rettie & Co
1-3 India St, Edinburgh, EH3 6HA,
Tel: 0131 220 4160

The Flat Company
61A Queen Street, Edinburgh, EH2 4NA, Tel: 0131 226 7733