Glasgow - Short term Let or AirBnB

RoyalDad

little_miss_messiah said:

Following with interest!
I'm moving to Glasgow from  just down the road from you in Selby (awaiting the training course to be confirmed but 90% likely 28th March) 
I'm doing the same, selling here, renting until sale completes here and buying up there as a hopefully 50% LTV buyer.
I'm finding rentals weirdly expensive and am looking up to 15miles from the city, unsure if I need references etc (I've not rented for over 20 years) 
I'm also doing it totally solo and have the poss complications of 2 housecats and trying not to panic 👀

Edited as wasnt sure if allowed but OP feel free to PM 

What a coincidence as we also have our 2 housecats and thats narrowing the field down a little. We have been told if we offer a bigger desposit we should be okay. 

RoyalDad

Deleted_User said:

I am from Glasgow originally, now live about an hour away. I think your options are pretty much neck and neck in terms of the positives and negatives, considering no one can tell how long it will take to buy a house.

The only thing that springs to mind is that, if you are staying in an expensive Airbnb, you might feel more pressured to buy or pay more than you'd like, to avoid being there and paying over the odds in the long term. This isn't really conducive to the current market in which there is so much competition and people are paying way over home report values. In which case, it might be best to find a rental for 6 months or so to allow yourselves some leeway. Although the Scottish system is quicker, there is no telling how many people you are up against and how long in actuality it will take. 

Let me know if you need any help with regards to suitable areas to stay in! Best of luck!

Huge thank you. I grew up in Clydebank and have always wanted to move back and live in the west end. We are hoping to find a nice 2 bed in Dowanhill, Hillhead, Hyndland, Park Circus or Partick. We have budget of £350k and are looking at flats with HV of upto £300k as can see most flats are selling at over 15% of value. 

[Deleted User]

kenmlove said:

Huge thank you. I grew up in Clydebank and have always wanted to move back and live in the west end. We are hoping to find a nice 2 bed in Dowanhill, Hillhead, Hyndland, Park Circus or Partick. We have budget of £350k and are looking at flats with HV of upto £300k as can see most flats are selling at over 15% of value. 

You're very welcome and I think you're in an excellent position to buy in the west end. Just thinking about it, many AirBnBs offer discounts of up to 59% for monthly rentals so that might be a good idea. I've had a look and there are some lovely ones in Glasgow and the surrounding areas. The problem in renting out an Airbnb for several months is that a lot seem to be booked for a few days here and there. Good luck and keep us posted!