House Price Index Reveals Annual Price Rise

According to March’s edition of the UK House Price Index UK, house prices rose by an average of 4.1% on an annual basis. Residential sales in Scotland rose by 2.0% to 6239 compared to January in the previous year , however this was 25.4% lower than sales during...

Update on Help to Buy (Scotland) Scheme

The Scottish Government has recently announced that the price cap on properties eligible for the Help to Buy scheme will remain at £200,000 in 2018/19. The scheme helps eligible householders buy a new build home from a participating builder by contributing up to a...

The Bank of Mum and Dad

The Bank of Mum and Dad apparently is now Britain’s ninth biggest “mortgage lender” putting it on a par with the Yorkshire Building Society. Parents are predicted to lend more than £6.5bn this year to help their children get on the property ladder.  This is a 30%...

Keep Your Options Open

Ross Leatham, Partner in our Commercial Property Department explains what an option agreement is and why the parties involved in a land purchase transaction may want one: An option agreement is an agreement between a landowner and a potential developer of the...

Government Urged to Act on Retirement Housing

Two separate organisations representing the interests of older people have called for a “revolution” in the provision of housing to better meet the needs of those in retirement. Saga has called on the Chancellor to introduce a Stamp Duty (in Scotland Land Building...

Voluntary Registration- Would it benefit you?

At the moment less than 30% of land in Scotland is registered in the Land Register of Scotland which is a digital map- based Register.  The remainder of land is still recorded in the General Register of Sasines which is a Register of historic deeds. The Scottish...