News & Legal Updates

I was interested and somewhat surprised to read a report from academics at Lancaster University advising that London is heading for a house price bubble by the end of 2016.  The academics used a phrase that I have not heard before describing the London market as “exuberant” and advising that the last time that the … Continue reading "LONDON HOUSE PRICE BUBBLE"

Recent figures released from Mortgages for Business show that applications made by limited companies for buy to let mortgages account for 43% of all new buy to let cases in January.  This is an increase on 38% in December.  This is a consequence of the changes proposed by the Chancellor both in relation to income … Continue reading "SURGE IN BUY TO LET PURCHASES"

Blackadders will list your property for sale with no upfront costs. If you are considering selling your property and would like to take advantage of this offer, please contact a member of our estate agency team who will be delighted to help you. Aberdeen:     01224 452750 Dundee:         01382 342222 Edinburgh:    0131 202 1868 Perth:             01738 … Continue reading "List Now, Pay Later: Blackadders Will List Your Property Without Any Upfront Costs"

New figures from the British Bankers Association advise that mortgage lending in 2015 rose by 6%.  They also advised that monthly mortgage approvals soared 24% year on year in December 2015.  This is very positive and shows a slight conflict in relation to the property market figures.  My feeling is that there was a slowdown … Continue reading "PROPERTY MARKET UPDATE"

The Council of Mortgage Lenders has advised that mortgage lending for home buyers dipped by 9% in November.  It also advises that the number of loans to first time buyers in November was down 8% month on month.  I have a mixed reaction to these figures.  On the one hand volumes are higher than a … Continue reading "MIXED MESSAGES FOR HOUSING MARKET"

Following on from George Osborne’s speech in Cardiff a few weeks ago there has been a raft of economic data indicating a massive global slowdown.  I was very interested to hear an economist indicate that all of the data and trends are very similar to those of early 2008. These similarities include: Oil and other … Continue reading "ECONOMIC APOCALYPSE and the HOUSING MARKET"

The Royal Institution of Chartered Surveyors (RICS) have recently announced that they are removing rental figures from Home Report valuations. Whilst this does not have an impact on the majority of house purchasers, it does have an impact on property investors who are taking out mortgages.  Mortgage lenders involved with buy-to-let transactions will now be … Continue reading "Another Nail in the Home Report Coffin"

The CML issued a study last week advising that landlords are displaying considerable financial resilience and are continuing to respond very positively to the property market.  Three quarters of landlords did not foresee any problem servicing their mortgage payments.  The study also advised that rates rose by 1.5%.  Interestingly, there was an article in the … Continue reading "MIXED MESSAGES FOR BUY-TO-LET INVESTORS"

Never has the title of this blog been more true in relation to the plethora of statistics in relation to the housing market.  I was interested to see the announcement by the Halifax that UK house prices rose by 9.5% in 2015. This conflicts with the report from the Nationwide the month before advising of … Continue reading "LIES, DAMNED LIES AND STATISTICS"

Due to high levels of demand we urgently require additional housing stock and so for the month of January we are offering a fixed estate agency fee of £750*. If you are considering selling your home and would like to find out how you can take advantage of this offer then please contact one of … Continue reading "January 2016 – Fixed Estate Agency Fees"