Emergency legislation which is aimed at helping some property buyers is expected to pass through the Scottish Parliament this week.
Raeside Chisholm Solicitors
According to the March UK House Price Index, house prices in Scotland were firm in the weeks leading up to the Covid19 lockdown. The average price of a property was £151,856.00 which is an annual increase of 1.5% and 0.4% up on the previous month.
If you are a company looking for financial assistance during the Covid19 interruption period, we can assist you with your application to the British Business Bank Future Fund, to which you may be eligible to apply. This financial assistance scheme has been set up to support companies in any sector which have up until now, been unable to access other Government Business Support Schemes.
The Scottish Government are proposing a loan scheme to provide support for private Landlords covering 100% of the rental income from one property.
The Royal Institution of Chartered Surveyors has urged the Scottish Government to give some clarity on restarting the house buying and selling process, including inspections and valuations.