Kaur Sutherland (2023)

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MacRae and Kaur LLP are now trading as Kaur Sutherland. All emails, phone numbers and bank details will remain unaffected although please call the office to confirm Bank details - we do not send these to you by email. If you wish discuss these changes please contact us on 0141 611 6000

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Partick Thistle top the table (for property investors at least)

Partick Thistle have been crowned champions of the SPL – at least when it comes to returns for property investors.

Research from leading Glasgow property law firm Macrae Kaur LLP released as the Scottish Premier League season comes to a close shows what the league table would have looked like if the teams were ranked on property yield instead of points.

Despite finishing 6th in the real table – and last of the three Glasgow teams – the Jags top the table when it comes to potential returns for property investors, with two-bedroom properties in Maryhill offering rental yields of 10.4%

Rangers rise a place to second, with returns of 9%, while champions Celtic slump to ninth, with East End properties yielding returns of just 6.6%

Hamilton Academicals are the best off under the rental yield table, rising from 10th in the actual table to a Europa Cup-place sealing position of 3rd, with a yield of 8%.

Title runners-up Aberdeen may have been not far off the Champion’s League on the pitch, but their performance off it was distinctly Championship, with rental yields of just 4.9% placing the Granite City 11th. Hearts came bottom of the table with Edinburgh’s Gorgie district offering returns of just 4.4% to investors.

The final table is as follows:

Partick Thistle – 10.4%
Rangers – 9%
Hamilton Academicals -8%
Kilmarnock – 7.3%
Dundee – 7%
Ross County – 6.9%
Motherwell -6.8%
Inverness Caledonian Thistle – 6.1%
Celtic – 6.6%
St Johnstone -5.8%
Aberdeen -4.9%
Hearts -4.4%

Jatinder Chall, heads the Property law team at MacRae & Kaur Solicitors.

She said:

“We wanted to see if there was any correlation between Scottish football team’s on the field performance and the performance of the local property market – and with Partick winning the title we have to admit our results were at best inconclusive!

“

Speak to our Residential conveyancing team

Call us today on 0141 611 6000

Our Residential Property Services include:-

• Purchase and sale of houses, plots or land;
• Builder’s or Developer’s Missives;
• Re-mortgages;
• Discharge of secured loans on repayment;
• Creation of new securities/mortgage deeds;
• Leases on domestic property;
• Transfers of Property;
• Arranging Surveys;
• Local Authority house purchases;
• Ownership Enquiries; and
• Queries regarding title conditions.

We can provide a fixed quotation for residential legal fees so that you do not have to worry about unexpected costs. Regardless of your property question our friendly team will be happy to talk through the situation and let you know of how we can progress.

Remember: There’s a difference between cheap conveyancing solicitors and good value conveyancing solicitors.

Some firms delegate property work to inexperienced and junior staff – sometimes to people who aren’t even qualified solicitors. Other solicitors can turn out to be based hundreds of miles away from you and it can be impossible to contact them at all, let alone meet them face to face.

Macrae & Kaur are unique amongst Glasgow solicitors in that all of our property work is carried out by senior partners, highly-experienced property solicitors who really know Glasgow and are always available to meet you in person.

Conveyancing fees

Our conveyancing fees are competitively priced, your first consultation together with submitting offers and noting interest is free. We promise total fee transparency – all costs will be laid out clearly before you make a commitment and we do not start charging extras once you have signed up.

Frequently Asked Questions

Will I have to pay Additional Dwelling Supplement?

If you have not sold your main residence on the day you complete your new purchase you'll have to pay ADS. This is because you own 2 properties. You can apply for a refund if you sell your previous main home within 18 months.

How long does the Conveyancing process take?

The conveyancing process usually takes between 6 and 12 weeks but will vary. Depending on your situation, your case can take much longer than 6-12 weeks. Conveyancing can take a long time for many reasons. Each step of the process must be completed correctly to avoid even further delay.

Do I have to pay anything upfront?

Our firm does not charge any upfront fees for our service. The 'no completion, no fee' means you only need to pay us on the completion date.

Can I Buy and Sell at the same time?

In an ideal world, you’d sell your home the minute you put it on the market and then have all the time you need to find your next dream home while your buyers wait patiently until you’re ready to move. Unfortunately, we don’t live in an ideal world and in most cases you’ll need to sell and buy at the same time. This results in a housing chain. While not uncommon, property chains can cause significant headaches. So if you’re planning to buy and sell your house at the same time, make sure you’re prepared. We can help keep everything runs smoothly and according to plan.

How much Land and Building Transaction Tax will I need to pay?

The residential LBTT rates are based on the purchase price bands, with a ceiling for nil rates set at £145,000 A relief for first-time buyers is available, which increases the residential nil rate band of LBTT to £175,000.The availability of the relief will result in a reduction in tax of up to £600 for qualifying first-time buyers, relative to the rates which would have otherwise applied.

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