12th February 2015


I was very pleased to see a report from the Halifax advising a 22% increase in those purchasing their first properties, hitting a total of £326,500.  I am still waiting to see what percentage this is of the overall market, as readers of my blogs will know that for me 40% or above is  the magic figure and a sign of a free flowing market.

We have also had recent announcements from a number of lenders introducing very competitive 10 year fixed rate mortgages.  This is something that I have always thought should be developed further, they are cost effective and lead to certainty for both lender and borrower.  I am also seeing clients who are having considerable problems getting decisions and loan papers from lenders who are continuing to blame the MMR review for ongoing problems.

It is essential that there is a free flowing mortgage market supporting the Scottish property market.

Lindsay Darroch
Partner & Head of Property 



The opinions expressed in this site are of the author(s) only and do not necessarily represent the opinions of Blackadders LLP.

Blackadders takes all reasonable steps to ensure that the content of this site is accurate and up to date. The site is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Site visitors should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this site. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.


Blackadders owns the copyright in this blog and all material contained on it. The material on this site may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.

Privacy Statement

Information passed to us via this site is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.

© Blackadders LLP 2021

Members of the Law Society of Scotland.

Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.

Back to News & Legal Updates