New loans for repairs
Government-backed energy efficiency programme launches to help those on low incomes
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.
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.