Budget Bombshell: Could Landlords Soon Pay National Insurance? With Neil Dymock

In this episode of the Scottish Property Podcast, Nick and Steven sit down with Neil Dymock to break down the latest developments in the Scottish and wider UK property markets. From falling rents in Dundee to the impact of government taxes, Neil provides valuable insights for landlords, investors, and anyone keeping an eye on where the market is heading.🎙️ Episode Highlights:🏘️ Dundee Rental MarketDundee rents are down 9.9% – the only Scottish city to see a dropWhy Neil sees this as a market correction after rents became unaffordableDespite falling rents, yields for investors remain strong🎓 Impact of Purpose-Built Student Accommodation (PBSA)Growth of PBSA is reshaping Dundee’s HMO marketSurplus of student accommodation, with more still being proposedWhy foreign students prefer PBSA for flexibility and bundled costs🏡 UK & Scottish Property SalesUK house prices: down 1.3% monthly, up 0.3% year-on-yearScotland outperforming the rest of the UK with 2.6% growth over 12 monthsSurge in Dundee first-time buyers boosting local demand💰 Government Taxes & PolicyLBTT (Land and Building Transaction Tax) as a major barrier to downsizingADS (Additional Dwelling Supplement) at 8% deterring many small investorsRecord £714m in Scottish property tax revenue, with ADS contributing 31%📊 Landlord Trends & Market ShiftsOne in three landlords considering exiting the marketPrivate rental sector still growing, driven by professional portfolio landlordsSelf-managed landlords struggling with legislation, benefiting letting agents⚖️ Potential New Tax – NI Contributions on Rental IncomeGovernment considering an 8% National Insurance levy on rental incomeWould apply to personally held properties, raising £2.18bnWhat this could mean for landlords and the wider marketThe discussion covers everything from the growth of purpose-built student accommodation (PBSA) and its effect on HMOs, to landlord trends, tax policy changes, and the possibility of a new National Insurance levy on rental income. This is a must-listen for anyone wanting to stay ahead in a rapidly changing property landscape.