First Mortgage News

The Scottish Government recently announced a new shared equity scheme to help homebuyers to get on the property ladder. Focusing on new-build homes, £195 million will be spent over the next three years to help around 6,500 households buy a home. The scheme will focus on affordable homes, whereby eligible recipients will receive an equity loan […]

Scotland doubles sales of million pound homes Sales for homes valued at over one million pounds have nearly doubled in Scotland this year, with Edinburgh more than doubling the number of high-value properties sold in the first six months of 2015. Between them, a huge 111 top-end properties were sold this year, with the vast majority of […]

For the first time, the average house price in the UK has jumped to over £196,000 in October, with month-on-month property values increasing by 0.6% across the country. According to October reports from Nationwide Building Society, house prices are up 3.9% from the previous year, increasing from the 3.8% annual growth observed in September. Chief […]

Edinburgh is fast becoming known as Scotland’s home of the million pound property after reports were released showing that sales for homes of at least 1 million pounds have more than doubled this year. Up from 43 for the same period last year, a staggering 111 properties fetching £1m or more were sold in the […]

CML Publishes 2014 Market Share Data The top five lenders provided two thirds of all mortgages issued in 2014, up slightly on the 2013 figures. These market heavyweights are: Lloyds Banking Group, Santander, Nationwide, Barclays and RBS.Between them these five companies lent over £134 billion to the British public, up from £111 billion in 2013. […]

The Bank of England’s unprecedented decision to hold the base rate at 0.5% for the sixth consecutive year in a row has seen interest rates remain at all time lows. It was cut to this level way back in March 2009, which is great news for those looking to jump onto the property ladder, remortgagers […]