Mortgage and property news

Mortgage and property news

FSA warns of tough times ahead as £120bn of interest-only loans are due for repayment

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.

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Home owners cash in on winter sales

AN UNEXPECTED winter sales rush is helping Scotland’s property market weather the stormy economic conditions.

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New mortgage rules to be less draconian than feared

HOMEBUYERS are expected to get help tomorrow after pressure from mortgage providers has led to a watering down of new lending rules.

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Homebuyers’ plight pushes rental costs through roof

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.

‘Good houses, good locations will sell’ in autumn boost

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).

New developments cannot hide the uncertainties over property market

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 at 2009 levels

HOUSE prices in the Capital have reverted to 2009 levels after recent falls wiped out any recovery made last year.

Capital house prices drop to 2009 levels – and there’s worse to come

House prices in Scotland’s capital have slipped back to 2009 levels after the latest falls wiped out the gains made last year.

Property group in £9m deal for Ayr project

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.

Half of Scots plan to leave inheritance

Scots likely to leave an inheritance are planning to bequeath an average of almost £200,000, it has been estimated.

Another year of pain on the cards for the housing market – but there are signs of hope

Scottish experts are hopeful on interest rates remaining low for some time, writes Jeff Salway

Homeowners' running costs soar despite mortgage fall

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 in top spot as most expensive place to rent

EDINBURGH has overtaken Aberdeen as the nation's most expensive place to rent a property, according to new figures from lettings portal Citylets.

House prices take yet another dive with no respite in sight

Property prices plummeted at the fastest annual rate for 18 months in April as low consumer confidence continued to undermine the housing market.

Mortgage hope for homeowners

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.

Edinburgh second only to London for £1m sales

SALES of £1 million homes soared in Scotland last year as the top end of the property market bounced back from the slump.

Analysis: Liquid cash keeps values buoyant

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.

Warning as lenders move to cut back interest-only mortgages

Homeowners on interest-only mortgages have been advised to bolster their repayment plans after lenders moved again to reduce their exposure to the market.

Householders hit by rise in insurance premiums

Home owners in Edinburgh and East Dunbartonshire have the highest rises in insurance premiums anywhere in the UK apart from Dorking, according to

Property ladder still a long way off for first-time buyers

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.

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