Scotland

Low mortgage rates keeping affordability low for home borrowers in UK

Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading

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Prices and rents in two key Scottish cities set to outperform rest of UK

The two major Scottish cities of Glasgow and Edinburgh are set to see property prices and rental growth outperform rest of UK over the next five years, according to new research. Property consultancy JLL forecasts that house prices in Edinburgh are set to grow 23.4% compared to a UK average of 13.1% while Glasgow will […] The post Prices and rents in two key Scottish cities set to outperform rest of UK appeared first on PropertyWire . Continue reading

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Landlord association calls for agent fees to continue but spread out across tenancy

An association representing lettings agents across the UK is calling for agent letting fees to be spread across the first six months of a tenancy rather than being banned completely. The Association of Residential Letting Agents (ARLA) believes that the proposed ban in letting fees in England and Wales, they are already banned in Scotland, […] The post Landlord association calls for agent fees to continue but spread out across tenancy appeared first on PropertyWire . Continue reading

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