First Mortgage News

The property market in Edinburgh has made a strong comeback in the last six months and we have turned a corner and returned to a stronger market. Closing dates for offers are back and many properties sell within days of coming on the market, with most now selling above their home report value. Following the […]

The Help to Buy Scheme has been successful in assisting first time buyers get on the property ladder and buy a home with just a 5% deposit. The main criteria of the scheme is the property being purchased must be a new build home from a developer participating in the scheme. Here are some of the participating […]

The Scottish Government have addressed the need for a Scottish version of the Help to Buy scheme which has been successful in getting the property market moving in England with 10,000 reservations since April. Details of the new shared equity scheme were unveiled today by the Deputy First Minster, Nicola Sturgeon. £220 million will be […]

Property values have seen consistent increases as of late and as a result the average property price across the whole of the United Kingdom is fast approaching the landmark figure of £250,000 for the first time. In June 2013 the average property price in England surpassed this and is now £251,000, Scotland’s average property is […]

Since its introduction in the autumn of 2012, Scotland’s MI New Home initiative has proved instrumental in helping first time buyers onto the property ladder. The scheme enables buyers with as little as a 5% deposit to purchase a new property up to the value of £250,000. We at FirstMortgage have noticed a significant increase […]

With 2013 proving to be an exceptionally good year for all at FirstMortgage, we are delighted to announce that we have recently opened our first office south of the border. We have teamed up with Newcastle based M & R Financial Management to bring you FirstMortgage Newcastle. We’re confident our collaboration will be a great success, […]