Mortgage Lending Increases in Scotland
Recently published data from UK Finance has revealed that Scottish home buyers borrowed £2.5bn in the second quarter of this year, which is an increase of 35% quarter-on-quarter and 18% year-on-year. The data also showed that: – First-time buyers borrowed £1.1bn, up 29% on the first quarter and 17% on the second quarter last year. […]
Changes in Property and Mortgage Market Trends
Economic, demographic and housing market trends are triggering a change in home ownership in the UK, and as a result mortgage borrowing in older age is likely to move from niche to mainstream within the next decade. This is the conclusion of a new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies […]