All the ups and downs

There’s good news on the mort­gage front but the Brexit vote causes a dip in buy­ers’ con­fi­dence

The Herald - Scotland's Homes - - News - Bev­er­ley Brown

NEWS that San­tander is to of­fer Le­gal & Gen­eral Life­time Mort­gages will be good news for ex­ist­ing cus­tomers who may be fac­ing a short­fall in re­pay­ing an in­ter­est-only mort­gage, par­tic­u­larly as cus­tomers who choose the life­time mort­gage op­tion will not be charged val­u­a­tion or ar­range­ment fees. The part­ner­ship will also help raise more aware­ness of equity re­lease as an op­tion – and, ac­cord­ing to Richard Eagling at Money­facts, could well sig­nal the start of its move into the main­stream. “We would ex­pect other high street banks to fol­low San­tander’s lead by ei­ther de­vel­op­ing their own equity re­lease propo­si­tions or team­ing up with ex­ist­ing es­tab­lished providers,” he said.

Brexit vote causes dip

RICS says Brexit un­cer­tainty fu­elled a marked drop in ac­tiv­ity in the Scot­tish hous­ing mar­ket dur­ing June, with new buyer en­quiries de­clin­ing and a fall in new in­struc­tions.

Al­though Scot­tish house prices con­tinue to rise for the time be­ing, short-term ex­pec­ta­tions have turned down­beat, with 23 per cent more sur­vey­ors pre­dict­ing a drop in house prices over the next three months.

Com­ment­ing on the re­sults, Eric Cur­ran, of DM Hall Char­tered Sur­vey­ors, said: “Un­cer­tainty, con­fu­sion and con­fi­dence is­sues have in­creased on the back of Brexit but as there still re­mains a lim­ited sup­ply of prop­erty in many ar­eas, Brexit may pre­vent over­heat­ing of the more de­sir­able lo­ca­tions.”

New di­rec­tor for sales

SAV­ILLS has ap­pointed Natalie Simp­son as di­rec­tor of its Res­i­den­tial De­vel­op­ment sales team to drive the busi­ness for­ward in Ed­in­burgh and the East of Scot­land. Natalie has 20 years ex­pe­ri­ence in the Ed­in­burgh prop­erty mar­ket hav­ing for­merly been head of sales and mar­ket­ing with the Bur­rell Com­pany and more re­cently, as man­ag­ing di­rec­tor of David Phillips Fur­ni­ture Scot­land.

SAV­ILLS POST: Natalie Simp­son is the com­pany’s new sales team di­rec­tor. The per­fect project?

LOOK­ING for a build­ing project? South Lodge, sit­u­ated on the Old Luss Road near Bal­loch, is cry­ing out to be loved. Presently un­in­hab­it­able and re­quir­ing com­plete moderni­sa­tion, the up­side to this un­de­ni­ably at­trac­tive stone-built pe­riod lodge is it comes with plan­ning per­mis­sion to ren­o­vate and ex­tend. Close to Cameron House and Loch Lomond, it could make a su­perb main or sec­ond char­ac­ter home – de­tails from Pa­gan Os­borne in St An­drews, which is ask­ing for of­fers over £165,000.

Green scene

GLAS­GOW res­i­dents will have the chance to see round one of Scot­land’s most in­spi­ra­tional ‘green’ homes this com­ing Sat­ur­day when Bears­den res­i­dents Heather and Michael Gil­lan open their doors to the pub­lic as part of a se­ries of Green De­signs events. These are tak­ing place across Scot­land to show­case prop­er­ties on the Green Homes Net­work, man­aged by the En­ergy Sav­ing Trust.

Homes tak­ing part in­clude sus­tain­able new builds, one-off eco homes and his­toric prop­er­ties that have been mod­ernised us­ing green tech­nol­ogy. Com­ple­men­tary tech­nolo- gies un­der the spot­light at the Gil­lans’ 1930s bun­ga­low, range from elec­tric­ity gen­er­at­ing pho­to­voltaic so­lar pan­els and elec­tric cars (vis­i­tors will have the chance on the day to test drive a Nis­san Leaf elec­tric car), to en­hanced in­su­la­tion and smarter heat­ing sys­tems. The Gil­lans’ home will be open to vis­i­tors from 10am to 3pm. For de­tails visit green­home­sopen­

A PO­TEN­TIAL PROJECT: South Lodge is lo­cated on the Old Luss Road near Bal­loch.

GREEN DE­SIGNS: Vis­i­tors to the Gil­lans’ home can see the eco tech­nol­ogy at work.

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