New loans for re­pairs

Govern­ment-backed en­ergy ef­fi­ciency pro­gramme launches to help those on low in­comes

The Herald - Scotland's Homes - - News - THE VOICE OF PROP­ERTY Beverley Brown

LAUNCH­ING this week, SEEP – Scot­land’s En­ergy Ef­fi­ciency Pro­gramme – is a new, in­ter­est free eq­uity loan scheme. It is fi­nanced by a £10 mil­lion fund from the Scot­tish Govern­ment that will en­able home own­ers on low in­comes to bor­row up to £40,000 to make en­ergy ef­fi­ciency im­prove­ments and es­sen­tial re­pairs to their prop­er­ties.

SEEP can be used ei­ther as a sin­gle eq­uity loan or with other ex­ist­ing Scot­tish Govern­ment grants to fund more ex­pen­sive mea­sures such as solid wall in­su­la­tion or a pack­age of en­ergy ef­fi­ciency works. Loans are re­paid ei­ther when the prop­erty is sold or own­er­ship is trans­ferred.

The scheme is ini­tially pi­lot­ing in Glas­gow, Ar­gyll and Bute and Perthshire.

Back on home turf

PROP­ERTY ne­go­tia­tor Vicky Simp­son has re­turned to her roots to take the helm at Slater Hogg & How­i­son’s Bears­den branch. Vicky’s pas­sion for prop­erty could be in her genes: she is the grand­daugh­ter of Bears­den mas­ter builder, John A Rus­sell, whose firm built many houses in the area – Mor­ven Road was named after Vicky’s mother.

Hav­ing worked for Slater Hogg for over 29 years, won nu­mer­ous awards and ac­co­lades and man­aged branches in other parts of the city, Vicky is de­lighted to be back on home turf. “We are a peo­ple busi­ness and my role is to bring buyer and seller to­gether by of­fer­ing a first class ser­vice and advice,” she says.

House prices below UK

THE lat­est UK House Price In­dex pub­lished by Reg­is­ters of Scot­land shows the av­er­age price of a prop­erty in Scot­land in July was £143,711, an in­crease of 3.4 per cent on the pre­vi­ous year. This com­pares to a UK av­er­age of £216,750, which was 8.3 per cent higher over the year and 0.4 per cent more than the pre­vi­ous month.

The top three lo­cal author­i­ties in terms of sales vol­umes, were the City of Ed­in­burgh (872 sales), Glas­gow City (826 sales) and Fife (491 sales). The big­gest price in­crease was in East Ren­frew­shire, where the av­er­age price in­creased by 10.7 per cent to £216,382 – the big­gest de­crease was in the City of Aberdeen, with a fall of 6.9 per cent to £178,977.

Northerly at­trac­tion

VALUE can trump pol­i­tics when it comes to mak­ing buy­ing de­ci­sions, says Sav­ills, whose lat­est re­search shows the mar­ket is per­form­ing bet­ter than pre­dicted. The firm’s data re­veals a 30 per cent in­crease in new buy­ers reg­is­ter­ing dur­ing July and Au­gust com­pared to the same pe­riod last year, with a third com­ing from out­side Scot­land.

An­drew Per­ratt, Sav­ills’ head of res­i­den­tial in Scot­land, com­ments: “While it is rel­a­tively early days since the EU ref­er­en­dum, a pic­ture is be­gin­ning to emerge which re­veals the Scot­tish mar­ket to be in good shape. Scot­land has al­ways at­tracted buy­ers from south of the Border and fur­ther afield, due to the qual­ity of life and value for money. It is now pos­si­ble to buy a de­tached five bed­roomed Vic­to­rian villa in Pol­lok­shields for the price of a two bed­roomed flat is Lon­don’s Is­ling­ton.”

CAP­I­TAL AP­PEAL: Ed­in­burgh house sales have fared the best over all.

AWARD­WIN­NER: Vicky Simp­son is tak­ing the helm in Bears­den.

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