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Raeside Chisholm Solicitors Blog

Blog and latest news from our solicitors based in Glasgow, Scotland. Call us to find out how we can help you.

First Home Fund is reopening – here is what you need to know

After closing to new applications in October 2020, the First Home Fund is reopening and will be available for purchases from 1 April 2021 and completed before 31 March 2022. This article will look closely at how the scheme works, the eligibility requirements and provide you with all of the key information you need to know.

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2176 Hits

Britain’s most affordable housing markets revealed

The most affordable towns and cities in Britain to buy a property have been revealed, with Scotland dominating the rankings.  Zoopla have published their findings, which they have based on calculations on house price to earnings ratios, using two-earner households on average salaries for the local areas.  In the whole of the UK, towns in Ayrshire have dominated the list with Kilbirnie and Cumnock ranking in third and fourth place respectively.

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Tax cut for homebuyers in Scotland end “as planned”

The Finance Secretary, Kate Forbes, has indicated that a tax cut for Scottish homebuyers will end as planned on April 1st, despite an extension in the Westminster budget. The starting point for Land and Building Transaction Tax (LBTT) was increased during the first lockdown. Unlike the position in England however, this is not going to be extended to mirror the Stamp Duty cut extension in England and Northern Ireland, on the basis that the cut has already “achieved” its goal of supporting the recovery of the residential property market. 

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Action needed to help first time property buyers

Paul Denton, who is the Chief Executive of Scottish Building Society has called for urgent action to help get young people on the property ladder. He has warned that the impact of Corona Virus could prove a barrier to a whole generation of buyers getting keys to their first home.

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564 Hits

House buyers warned of scams

House moves are being warned to watch out for scams which could involve their identity and large sums of money being stolen. There have been recent articles in the national press of several cases of emails from solicitors being intercepted and replaced with new messages containing payment details of fraudster’s Accounts.

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524 Hits

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Latest News

22 July 2021
Estate Agency
Recent research has revealed that house prices in the Scottish countryside have risen at the fastest rate since before the 2008 banking crisis. This analysis has found that there was a 5.5% increase in the three months to June, which the largest quar...
15 July 2021
Estate Agency
Average house prices in Scotland increased by 5.4% between April and May 2021, reversing a 4.1% fall in the previous month, according to provisional statistics from the UK house price index released by Registers of Scotland. The overall average figur...
24 May 2021
Estate Agency
The news from the Registers and all property professionals is that house prices in Scotland are rising at the fastest pace for 14 years! Although Spring is usually a busy period in the housing market, the number of transactions in Scotland is sharply...
16 April 2021
Estate Agency
Recent research has shown that economic uncertainty caused by the Corona Virus has led to more people investing in property. Data shows that property investors bought twice as many homes in the first quarter of 2021 as they did during the same stage ...
23 March 2021
Estate Agency
Previously many Estate Agents had indicated that in their view house price growth would remain flat this year, as the economy floundered after the successive Covid lockdowns and the end of furlough. With great news for house sellers, they are now rec...
18 March 2021
Estate Agency
After closing to new applications in October 2020, the First Home Fund is reopening and will be available for purchases from 1 April 2021 and completed before 31 March 2022. This article will look closely at how the scheme works, the eligibility requ...

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