Translate this site

enzh-CNzh-TW

Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.
2 minutes reading time (311 words)

Landlords Reveal Plans to Sell Properties

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. 

According to the figures from the National Landlords Association, as many as 380,000 landlords (19%) intend to offload property in the next 12 months, which it says is good news for first-time buyers but bad news for renters.

The figures indicate that 45% of landlords who intend to sell property in the coming year plan to sell individual flats and apartments, with a third (33%) looking to sell terraced homes – both of which are typically affordable and attractive options for those taking their first steps on the property ladder.

Significantly, just 7% of landlords who plan to sell say they intend to sell to other landlords, signalling renewed hope for many first time buyers and homeowners looking to progress up the property ladder.

“These findings sound like positive news for potential new homeowners, but the reality is not everyone wants, or is in a position financially, to buy,” said Richard Lambert, CEO of the National Landlords Association. “In fact, if all these homes are sold as planned then it will lead to a significant fall in the supply of property available to those who choose to rent, or have no other option but to rent”.

“Everyone seems to have a gut instinct about the extent to which they feel landlords and first-time buyers compete for homes in the UK, but homeownership is a highly emotive issue so the facts are often overlooked,” he added. “There’s certainly no denying that competition exists, but the significant barriers to homeownership are more likely to be the high cost of a deposit or ability to access mortgage finance.”

Contact Us

For expert legal advice on buying or selling property in Scotland then contact our specialist property solicitors today.

Government introduces new merger and takeover rule...
Remortgages in Scotland Reach Seven Year High

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

24 October 2018
Family Law
The Children (Scotland) Act 1995 is currently under review by the Scottish Government. The Government aims to update existing legislation, as well as ensure that the interests of children and their need to form and maintain relationships with key adu...
27 September 2018
Raeside Chisholm Solicitors News
Raeside Chisholm is pleased to announce that we will be taking part in Will Aid this November. We will waive our fee for drawing up a basic Will and instead invite our clients to donate to the Will Aid group of charities. The suggested minimum d...
18 September 2018
Estate Agency
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.The plans would result in the gove...
12 September 2018
Family Law
In a recent court case, mother of four Siobhan McLaughlin applied for widowed parent’s allowance to support herself and children following the death of her partner, John Adams, in 2014. Her application was initially rejected by the Northern Ireland D...
28 August 2018
Commercial
The Government has published new corporate governance reporting requirements for private companies and unlisted plcs in the UK.Under the new requirements, all private companies and unlisted plcs with more than 250 UK group employees must disclose how...
21 August 2018
Family Law
A British court has recognised Sharia law for the first time after a judge made a landmark divorce ruling which could change the way Islamic marriage and divorce works in the UK.Nasreen Akhter and Mohammed Shabaz Khan had married 20 years ago but onl...

As featured in

Latest Tweets

Connect with us

     

Recent Client Comments