Hennessy Bowie Solicitors News

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There is a real lack of understanding about the house buying process and associated costs amongst those looking to buy their first home, new research has revealed.

Posted by on in Conveyancing

October brought the second Friday the 13th of this year, and to mark the occasion Registers of Scotland (RoS) carried out some research to see whether the date affects people’s property buying habits at all.

New analysis by property website Zoopla has revealed that over a third (34%) of properties on the market have had their asking prices reduced, which is an increase of 2.5% since March.

The popular commuter town of Luton has seen property price growth outpace rises in the average salary by 7.99% over the past year, according to new data from property website Zoopla.

Posted by on in Conveyancing

New research has revealed that properties listed for sale in Edinburgh receive 145% more interest from prospective buyers than the average property listing in Britain.

Posted by on in Conveyancing

One possible area of concern for people buying a new house is whether they will get on with their new neighbours.

Posted by on in Conveyancing

Bank of Scotland has calculated that by 14th March, new borrowers had earned enough to cover the annual cost of their mortgage repayments.

Posted by on in Conveyancing

The average price of a property in Scotland in December 2016 was £141,553, according to the latest UK House Price Index (UK HPI). This is an increase of 3.5% on the previous year and a decrease of 0.2% when compared to the previous month.

Posted by on in Conveyancing

House hunters can be a superstitious lot, according to new research, with many saying they would avoid buying a property at number 13 if at all possible.

A recent report by the Scottish Parliament’s Finance and Constitution Committee has concluded that the country’s transition to the new Land & Buildings Transaction Tax (LBTT) was ‘operationally successful’.

New research from Bank of Scotland has revealed that Scottish parents are prepared to pay a premium of as much as £80,000 on average to live in the catchment area of a top performing state school.

A new survey by Clydesdale and Yorkshire Banks has found confidence is on an upward trend among the UK’s ‘second steppers’.

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The Scottish Government has laid legislation in Parliament that will remove the automatic council tax discount for second homes.

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Posted by on in Conveyancing

The latest House Price Index from Halifax has revealed a 1.6% increase in house prices in the three months to July, compared to the previous three months. This exceeds the 1.1% increase seen in June, and is similar to the rates recorded in April and May (both 1.5%).

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An interesting piece of research released recently by Lloyds Bank has revealed that living close to a well-known supermarket chain can add as much as £22,000 on average to the value of your home.

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Activity in the Scottish housing market slowed during May, as a decline in new properties coming on to the market was accompanied by a drop in new buyer enquiries.

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Posted by on in Conveyancing

The UK has seen a significant rise in the average price of flats, according to recent research by Halifax. The analysis found that flat prices have risen on average by £86,474 (£1,029 per month) since property prices were at their lowest in late 2008 – from £150,749 in Q4 2008 to £237,223 at the end of 2015.

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Recently released statistics from Registers of Scotland (RoS) have revealed that the value of residential property sales in 2015 exceeded £16.5 billion.

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The Scottish Parliament’s Finance Committee has given its backing to legislation that will levy a supplement on the purchase of additional houses.

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There were an estimated 310,000 first-time buyers in the UK in 2015, according to the annual Halifax First-Time Buyer Review.

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