Raeside Chisholm Solicitors Blog

There has been a 56 per cent rise in first-time buyers (FTBs) in the last decade, from 22,100 in 2008 to a total of 34,519 last year, according to the latest Bank of Scotland First-Time Buyer Review.

Scotland’s First Minister Nicola Sturgeon has detailed the Scottish government’s Programme for Scotland 2018/19 plans which include investing £7bn in building projects and creating a non-domestic business rates bill.

Under new draft laws, overseas companies that own or buy property in the UK will be required to provide details of their true owners on a public register.

Plans by landlords to sell their properties could lead to a sharp increase in the number of homes suitable for first-time buyers coming onto the market. 

The number of remortgages taken out by homeowners in Scotland reached 8,700 in the first quarter of this year, which is a 6.1% increase over the same period last year, new figures from UK Finance have revealed. The £1.07bn of remortgaging in the first quarter was 9.2% more year-on-year.