Shelter Scotland launches “Toolkit for Tenants”
Charity Shelter Scotland has announced the launch of a new online toolkit for tenants, designed to help them navigate through the rental system. Shelter Scotland received funding for ‘Toolkit for Tenants’ from the SafeDeposit Scotland Trust (the only not-for-profit deposit scheme in Scotland), who awarded the housing charity a grant of £28,083 earlier this year […]
Scots property prices at all-time high following stock shortage
Recent research from the Aberdein Considine’s Property Monitor report illustrates that the average price for Scottish properties sold for a record £169,450 during the second quarter of this year (April-June 2018), a 4.7% increase during the same time last year and a grand total of £175 higher than the previous record set in the third […]
Campaigners seek to scrap adoption age limit
Last month, the Public Petitions Committee in the Scottish Parliament received evidence from a campaign group seeking to extend adoption rights to people over the age of 18. Nathan Sparling, aged 28, launched the campaign in March of this year in order to be granted the legal ability to ask his stepfather, Brian, to adopt […]
Loan for self-build homes now available
The Scottish government have announced a new loan available for people who want to build their own homes. After a successful pilot run in the Highlands, the £4 million fund is now open for applications from eligible urban or rural self-builders who are unable to access a standard bank loan. In many parts of rural […]
Slowest growth in UK housing market in five years
UK house price growth in June slowed to the lowest rate since August 2013. According to the Office for National Statistics (ONS), this slowdown was mainly affected by the falling prices in London, where properties dropped from 0.7% to negative 0.2%. The report shows an average house price growth of 3%, down from 3.5% in May […]
Inheritance tax exceeds £5 billion for the first time
Recently released data from HM Revenue & Customs shows inheritance tax (IHT) raised a record £5.2 billion in the 2017-18 financial year, up 8% from the previous tax year. What accounts for the rise? Property prices have continued to rise despite the fact the residential nil-rate band (RNRB) – the value of a property which […]
New legislation aimed at preventing money laundering through UK property market
Criminals using the UK property market to launder money could face up to five years in prison under the newly proposed legislation. The bill, titled Registration of Overseas Entities Bill, proposes that foreign companies who own British real estate will have to reveal the names of the properties beneficial owners. These names will then be […]
Number of Rental Properties Available in Scotland Falls Again
A new survey of the residential property market has revealed that the number of rental properties in Scotland has fallen even further over the last three months. However, this decrease in supply has been coupled with an increase in demand, which is expected to lead to a sharp rise in costs for tenants. The recent […]
Warning Over Reliance on Inheritance Expectations
A new report into intergenerational wealth transfer has found that over 11 million people aged between 25-45 in the UK expect to receive some sort of inheritance from their parents or grandparents, with nearly half (5.1 million) of these expecting to inherit at least £50,000 in fixed assets or money. The report by Sanlam UK […]
RoS Launches New Register for Community Body Applications
Registers of Scotland (RoS) has launched a new register that will record all applications of community bodies to buy land or property that is abandoned, neglected or causing harm to the environmental wellbeing of the community, where the owner is not willing to sell that land. The Register of Applications by Community Bodies to Buy […]
