Property sales across Scotland continue to boom

Latest figures released by ESPC, the leading property marketing company in East Central Scotland, show that activity in the property market in Edinburgh, the Lothians and Fife has continued to strengthen as 2014 draws to a close.

Between September and November the number of sales recorded by ESPC rose by 19% on an annual basis bringing sales to their highest level for the period since 2007. Continue reading

Higher LTV loans ebb away in November

Lending to higher LTV borrowers fell 12% year-on-year, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

November had the smallest number of higher LTV borrowers since October 2013. There were 8,250 house purchase approvals to borrowers with deposits worth 15% or less of their property’s value in November 2014 – 12% lower than 9,379 a year ago. Continue reading

London overtaken as the most unaffordable places to rent

Towns and cities such as Oxford and Brighton have overtaken areas of London as the most unaffordable places in the country to rent, the National Housing Federation has revealed.

Research shows that Three Rivers in Hertfordshire is now the most unaffordable place outside of the capital to be a private renter – with private rent swallowing up more than half of people’s hard earned wages. Continue reading

Happier families more positive for their financial future

The latest Lloyds Bank Family Finances report reveals feelings towards the economy are growing evermore positive across all household types.

Although people still feel negative overall, the percentage balance of opinion on the country’s financial situation has significantly increased, growing more positive, since the last autumn statement from -54% to -35%. Continue reading