Mar­ket in­creases in con­fi­dence

The Herald - Scotland's Homes - - Welcome Home -

CON­FI­DENCE in the lo­cal prop­erty mar­ket has jumped with in­creas­ing proper ty prices, im­proved mort­gage lend­ing and the Gov­ern­ment’s de­ci­sion to lift the stamp duty thresh­old for first-time buy­ers to £250,000.

Michael Luck, manag­ing di­rec­tor of es­tate agent Slater Hogg and How­i­son, said: “ Key eco­nomic driv­ers are help­ing more peo­ple in­vest in prop­erty. Lenders are ap­prov­ing more mortgages and first-time buy­ers could save £2500 in stamp duty.

“ We’re speak­ing to a grow­ing num­ber of par­ents who want to use some of the eq­uity in their homes as a de­posit to en­able their chil­dren to take ad­van­tage of the low­est in­ter­est rates avail­able.

“We’re also us­ing exclusive mort­gage prod­ucts to help lo­cal home movers make their next step up the prop­erty lad­der be­fore house prices in­crease any fur­ther.”

The buy-to-let mar­ket has also hit new highs with thou­sands of peo­ple still opt­ing to rent, which is in­creas­ing rental val­ues.

Re­cent re­search from the UK’s largest let­ting agent has re­vealed that more than four ten­ants are com­pet­ing for ev­ery rental prop­erty, and an in­dus­try sur­vey among mort­gage pro­fes­sion­als has shown that the buy-to-let mar­ket is viewed as hav­ing good prospects this year.

Michael said: “Buy-to-let isn’t sim­ply re­served for pro­fes­sional in­vestors – quite the op­po­site, as we’ve helped par­ents buy for their chil­dren, and our lat­est exclusive mort­gage al­lows up to four ap­pli­cants per mort­gage ap­pli­ca­tion.

“This is ideal for any­one looking to jointly own a prop­erty as a longterm in­vest­ment. You can split the de­posit four ways and stay ahead of the curve be­fore prop­erty prices creep up­wards.”

To co­in­cide with this news, the com­pany's mort­gage divi­sion has un­veiled a range of exclusive mort­gage prod­ucts for lo­cal home movers and buy-to-let cus­tomers.

In­for­ma­tion on mort­gage prod­ucts and Gov­ern­ment home own­er­ship hous­ing schemes is avail­able through the com­pany’s offices across Scot­land. Visit http://www. slater­hogg.co.uk THIS gor­geous fresh quilted Re­gal Rose be­spread, with pink rose bou­quets on a white back­ground on one side and a blue and white spot print on the other, is by Cath Kid­ston and costs £135 from John Lewis. Match­ing pil­low­cases cost £25 each. www.john­lewis.com

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