For anyone who doesn’t have Facebook, Twitter, friends, a local newsagent, a town crier or the Internet, there is an outside chance that you will be unaware of the historic vote that took place in Scotland on 18 September. For anyone who has access to just one of the above sources of news, you will…
After the announcement of today’s historic result in the Scottish Independence Referendum, with the country voting ‘No’ to an independent Scotland, many Scots will now be asking what the effect of this ‘No’ vote will be on the Scottish property market. In short, I predict that the ‘No’ vote will cause a positive ‘bounce’ in…
I was catching-up on property news headlines this morning and came across an article in The Telegraph stating that the upcoming referendum vote was having a negative impact on the Scottish property market. Not only that, it was apparently causing a change in solicitor practice with regards to how they submit offers, with offers now being…
With parents across Scotland and shedding a tear after sending their kids off to school for the first time or breathing a quiet sigh of relief that they have some peace a quiet now that the schools are back, property news has continued unabated. Here are the top stories from the past month as well…
The World Cup behind us, the Commonwealth Games are now well under way, the culmination of a year-long countdown and many more years of work behind the scenes. So has this excitement filtered down to the property market? For your monthly round-up of what has been happening in the property market in the past few…
Significant changes are afoot in the mortgage market, particularly for high value mortgages and for people looking to move from their existing home using the Help to Buy shared equity scheme. Then, this month the Bank of England’s Financial Policy Committee (FPC) announced new restrictions on bank lending, aimed at slowing run-away house prices in…
It’s been a busy old month in Scottish property news, with lots of seemingly contradictory stories coming out. So what is the real picture? Is an interest rate rise imminent? What effect has the Mortgage Market Review had so far? We are now almost halfway through the year and about as far into the World…
The changes that came into force regarding mortgage lending at the end of April have been a hot topic in the press this past month. http://www.heraldscotland.com/business/personal-finance/tougher-rules-will-hit-buyers-looking-for-loan.24054191 The main change brought in by the Mortgage Market Review (MMR) is that people now have to go through more stringent affordability checks and to provide more information about spending levels.…
After the Easter holiday, May has been a month punctuated by various bank holidays, local holidays and public sector holidays, seriously affecting the ability to settle house sales or arrange mortgage finance or find property buyers who weren’t away to the coast for the weekend. In spite of this, the property market continues to build…
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