The Scottish Government has launched a new £30 million scheme designed to make it easier for people to buy new homes from small and medium sized housebuilders.
...At Hennessy Bowie we'd like to take this opportunity to wish you a very Merry Christmas. If you require legal representation or personal advice over the holiday season, please contact us online using our online enquiry form.
...The latest House Price Index from the Office for National Statistics (ONS) has revealed that UK average house prices increased by 10.4% over the year to October 2014, down from an increase of 12.1% in the year to September 2014.
...The latest House Price Index from Halifax has shown that house prices in the latest three months (September-November 2014) were 0.7% higher than in the previous three months. This quarterly rate was marginally down from 0.9% in the previous month.
...Recent figures from the Council of Mortgage Lenders (CML) have revealed that there were 7,500 first-time buyer loans in Scotland in the third quarter of 2014. This is a fall of 1% on the previous quarter, but 15% up on Q3 2013.
...Home owners living in their first home are increasingly looking to move into bigger four bedroom detached houses, reducing the number of steps they’re taking on the property ladder to get to their long term family home.
...Homes in rural areas in Great Britain are on average £46,575, or 26%, more expensive than in urban areas, according to recent research from Halifax.
...Sales of homes worth at least a million pounds are at a record high, according to new figures from Lloyds Bank.
...A fifth of UK adults consider a high-speed internet connection to be an increasingly important factor in choosing a home and are prepared to pay more for a home with a good broadband connection, recent research by Halifax has found.
...Houses prices in Scotland have reached their highest level since records began, according to official statistics from Registers of Scotland (RoS).
...The Scottish Government intends to change the Help to Buy (Scotland) scheme in order to support more people in achieving their ambition of getting onto or moving up the property ladder.
...More than a quarter (28%) of UK homeowners still consider the main property they grew up in as ‘home,’ according to new research.
...The number of major events taking place in Scotland this year, such as the Commonwealth Games and the Independence Referendum, caused the housing market in Glasgow and the west of Scotland to stall slightly, according to the GSPC.
...The average price of a flat has increased by 32% over the past ten years, according to Halifax, which is more than double the 15% rise for all residential properties over the same period.
...A recent survey by the Building Societies Association (BSA) has revealed that around 50% of the population would oppose a major house building programme if it was in their immediate neighbourhood.
...Combined purchases through the Help to Buy equity loan and mortgage guarantee schemes have accounted for just under 6% of houses bought in the last 15 months, according to recently published Treasury data.
...The cost of a first-time buyer owning a home in the UK is now on average £110 per month lower than renting, or £1,316 per year (14%), according to research by Halifax.
...The Office for National Statistics (ONS) has recently released its House Price Index for June 2014, which reveals that UK house prices increased by 10.2% in the year to June 2014, down from 10.4% in the year to May 2014.
...UK house prices over the period between May and July this year were 3.6% higher than in the preceding three months, according to the latest House Price Index from Halifax. Prices in the three months to July were also 10.2% higher than in the same three months a year earlier, continuing the upward trend in the annual rate.
...The latest figures from Registers of Scotland have revealed signs of sustained growth in the Scottish property market in the past year.
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