First Mortgage News

There are several reasons why people these days choose to uproot and move home. Many years ago it would have appeared out of character for an individual or family to move once or even twice in their lifetime. However, times have changed, today the average person moves four or even five times during their lifetime. […]

Scottish Housing Market Shows Strong Signs of Growth New figures released from Registers of Scotland (RoS), show a 3.5% increase in property prices during the second quarter of this year compared to the similar period last year.During the months of April to June, average property prices in Scotland witnessed an all time high of £167,765. […]

June has witnessed a notable surge in mortgage advisor lending, the strongest recorded since the financial crisis of 2007. Recent analysis of the intermediary market undertaken by Equifax Touchstone revealed total lending rose 26.5% annually, reaching a staggering £16.4 billion. Buy-to-let lending led the charge, with an increase of 37.9% to £3.8 billion, with residential […]

There has been a significant surge in the number of mortgages available to first time buyers according to recent research undertaken by Moneyfacts. The number of home loans have increased to their highest point since the start of the financial crisis. The choice of 90 and 95% loan to value (LTV) products has risen sharply […]

With the average mortgage rates falling to all time lows, the focus has now moved towards long-term mortgage rates which are currently experiencing notable reductions as competition in this sector continues to intensify. Figures revealed by the research group Moneyfacts, show the average two year fixed rate has fallen by as much as 0.02%, reducing […]

The property market in Edinburgh is witnessing a return to pre-recession levels as properties in prime locations are going for well over home report valuations. In some cases, properties are selling for over 20% above their “offers over” price, while houses and flats in sought after areas such as Bruntsfield, Marchmont, Stockbridge and Comely Bank […]