Mortgages.scot

51% of new Scottish mortgages are first time buyers

More new Scottish mortgages are being taken out by first-time buyers based on comparisons between 2022 and 2023.

Mortgages

How far will interest rates fall in 2024?

It's the question everyone is asking. Assuming interest rates will come down, how far will they drop? It depends on who you ask or whose opinion you value.

Interest

Mortgage Prisoner Bill introduced

A new mortgage prisoner bill was introduced on March 12, 2024, by MP Marting Docherty-Hughes, intended to support the many mortgage prisoners that still exist today.

Prisoner

Mortgage arrears hit 7 year high!

The latest data from the Bank of England shows that mortgage arrears rose in the last quarter of 2023. This wasn't unexpected, given the turmoil created by the pandemic and the high-interest rates that followed.

Arrears

Budget 2024 - Stamp Duty - Multiple Dwelling Relief

Today's budget announced a change to Stamp Duty Land Tax. To be clear, this applies only to England and does not affect Scotland.

SDLT

Budget 2024 - Stamp Duty - Non Dom Status

In today's budget, the government has changed the tax rules for those considered non-domiciled in the UK. Why is this relevant to mortgages?

non-dom

Cost of renting in Scotland increasing faster than London

Recent data from Zoopla reveals the cost of renting in the UK today, and it's not great news for Scotland. Glasgow has been hit the hardest in the UK with Edinburgh not far behind.

Rent

Interest Rates Held again at 5.25%

Interest rates have been held at 5.25% again; this is the 5th time rates have been steady at this level, having peaked in August 2023. There may be some good news on the horizon though.

Interest

Estate Agents Amongst the least trusted!

A poll carried out by Ipos known as the Veracity Index looks at how much trust the public has in various types of people. Estate Agents ranked as the 4th least trusted.

Estate Agents

Inflation falls sharply to 4.6%

Inflation has come down quite significantly but that does not mean it's good news for interest rates falling anytime in the very near future.

Inflation

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