Mortgage and property news
Mortgage and property news
An ESTIMATED £120 billion of interest-only mortgage loans due for repayment over the next ten years will present a “significant challenge” for lenders and consumers, the Financial Services Authority (FSA) warned in its report.1 Comment
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HOMEBUYERS are expected to get help tomorrow after pressure from mortgage providers has led to a watering down of new lending rules.1 Comment
The booming rental market has pushed prices in Edinburgh above £600 a month for a one-bedroom flat for the first time, as would-be homeowners remain in rented accommodation.
The embattled Scottish housing market enjoyed an unexpected boost in September from sellers hoping to move home in the autumn, according to a new report from the Royal Institute of Chartered Surveyors (Rics).
EDINBURGH’S commercial pro-perty market faces an uncertain outlook despite a surge in new developments as demand for hotel and student accommodation continues to grow.
HOUSE prices in the Capital have reverted to 2009 levels after recent falls wiped out any recovery made last year.
House prices in Scotland’s capital have slipped back to 2009 levels after the latest falls wiped out the gains made last year.
Property investment company LXB has bought 118 acres of Scottish land earmarked for development under a local authority plan to build shops, business premises and thousands of homes.
Scots likely to leave an inheritance are planning to bequeath an average of almost £200,000, it has been estimated.
Scottish experts are hopeful on interest rates remaining low for some time, writes Jeff Salway
CASH-strapped homeowners are facing further belt-tightening after research by the Bank of Scotland released today shows the cost of owning and running a home in Scotland has risen to its highest level since 2009, despite historically low interest rates.
EDINBURGH has overtaken Aberdeen as the nation's most expensive place to rent a property, according to new figures from lettings portal Citylets.
Property prices plummeted at the fastest annual rate for 18 months in April as low consumer confidence continued to undermine the housing market.
Homeowners are set to be given another reprieve this week as policymakers are expected to keep interest rates on hold following Britain's lacklustre first-quarter economic performance.
SALES of £1 million homes soared in Scotland last year as the top end of the property market bounced back from the slump.
These figures reinforce a number of points we have been very conscious of. The top end of the housing market is operating relatively well, because by and large it does not depend upon high loan-to-value ratios.
Homeowners on interest-only mortgages have been advised to bolster their repayment plans after lenders moved again to reduce their exposure to the market.
Home owners in Edinburgh and East Dunbartonshire have the highest rises in insurance premiums anywhere in the UK apart from Dorking, according to Moneysupermarket.com.
First-time buyers in Scotland still face a long wait to get a foothold on the property ladder despite reports suggesting that homes are becoming more affordable.