Credit Card Charges Ban – What’s the Fallout?

Credit Card Charges Ban – What’s the Fallout?

The revised Payment Services Directive (2015/2366/EU) (PSDII) was transposed by all Member States into national law on 13th January 2018. Universally welcomed by consumers it has, nevertheless, had a detrimental effect on some business sectors. A small corner shop selling low value goods at a 5% margin is likely to turn down a credit or […]

Letting Agent Code of Practice and Registration

Letting Agent Code of Practice and Registration

As of the 31st January 2018, all letting agents in Scotland will be subject to The Letting Agent Code of Practice (Scotland) Regulations 2016. The Code requires the Letting Agent’s clients (landlords) to act in concord with the agent, in terms of probity in their business and personal dealings. Section 31 compels the agent to […]

Private Housing (Tenancies) (Scotland) Act 2016

Private Housing (Tenancies) (Scotland) Act 2016

The Private Housing (Tenancies) (Scotland) Act 2016 that was passed by the Scottish Parliament earlier this year comes into force on 1st December 2017. It will become the de-facto tenancy and replaces the Assured and Short Assured Tenancies we have employed since 1988 (and before). These will remain in force but no new ones can […]

Essential Furnishings for Letting your Property

Essential Furnishings for Letting your Property

Do I require linen? Do I require pots, pans and crockery? What essential furniture is necessary? These are just a few of the questions we get from landlords looking to rent out their flat. Factotum has compiled a list of what is essential for both short term and long term properties. Short Term, Festival and […]

Canine Connections: Edinburgh’s Famous Dogs

Canine Connections: Edinburgh’s Famous Dogs

We make it no secret that we love dogs at Factotum. Our office Springer, Sam, is often joined by other staff dogs including Jackson the Jack Russell, Hanks the English Bulldog and Chica the Cockapoo. We’ve written about our favourite dog walks, our favourite dog-friendly places to eat and drink. Now it’s all about our […]

Buy-to-Let Landlords are NOT the Villains!

Buy-to-Let Landlords are NOT the Villains!

Recent changes in government property taxation, stamp duty and income tax have undeniably sent out mixed messages as to the government’s view of buy-to-let landlords. On the one hand, they continue to postulate on their commitment to a healthy PRS (Private Rented Sector) confirming what a vital role the sector provides and acknowledging the desperate […]

What is a Factotum?

What is a Factotum?

Factotum is our name, our brand, our everything – but what does it actually mean? The origin of Factotum is from medieval Latin: • ‘Fac’, the imperative of ‘facere’ meaning ‘do’ • ‘Totem’, the neuter of ‘totus’ meaning ‘the whole thing’. ‘Do the whole thing’, translating roughly as ‘master of everything’. In modern English, Factotum […]

Interesting Historical Characters: Edinburgh

Interesting Historical Characters: Edinburgh

  Edinburgh just wouldn’t be the same without its colourful history. Steeped in myth, folklore and legend, our fair city would be nothing without the interesting characters that built it. Here’s Factotum’s list of Edinburgh’s most interesting former residents.   Deacon Brodie The Deacon Brodie name is now known as one of the Old Town’s […]

To Furnish or Not To Furnish?

To Furnish or Not To Furnish?

One of the choices you must make as a landlord is whether to let your property as furnished or unfurnished. Surprisingly, it makes little to zero impact on the rental valuation. Factotum looks at the pros and cons, as well as key factors to take into account when making this decision. How long do you […]