Mortgage applications soar as the housing market opens up
The Bank of Scotland announced a 75% increase in the number of online mortgage application enquiries as the housing market opens up. This is one of the strongest indicators yet that the property market in Scotland is set to bounce back. There had been some fears that...
Help to Buy scheme extended
The Scottish Government has announced an extension to the Help to Buy (Scotland) scheme until March 2022. It claims this will help an additional 2,000 households as well as supporting house-builders. The extension of the scheme means an additional £55 million will be...
The housing market prepares to re-open
The coronavirus lockdown brought the housing market throughout the UK to an abrupt halt in March. Spring is traditionally one of the busiest periods in the property calendar so this has had a significant impact. Registers of Scotland closed the Applications Register....
Mortgage Payment Holiday extended
As the lockdown continues, UK lenders agree to extend mortgage payment holidays. Up until now, 1.8 million borrowers have taken advantage of the opportunity to take a mortgage payment holiday. The initial period of up to 3 months was due to end on 30 June. However,...
Home movers to be given more time to recover property tax
The Scottish Government propose to extend the time within which property purchasers can recover property tax. If you buy a new home before you sell your existing home, you have to pay a property tax. This tax is called the Additional Dwelling Supplement (ADS). The...
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