Scottish mortgage customers looking for a home might be interested in the latest comments from Falkirk-based legal firm Russel and Aitken.
The company suggested that the housing market north of the border will soon have a new air of confidence about it, thanks to homeowner enthusiasm and government initiatives.
According to new data from Lloyds TSB, the average Scottish home was worth £152,565 at the end of June – a 3.7 per cent quarterly fall.
However, Russel and Aitken residential property partner Dianne Paterson noted that buyers and sellers are now “desperately” seeking ways to move within the housing market, while the government is offering assistance to first-time buyers where it can.
“These, coupled with the endless enthusiasm of buyers and sellers to move onwards and upwards, despite the setbacks, will undoubtedly bring confidence to the markets once more,” she said.
Meanwhile, buyers may also be buoyed by the news that Barclays is to reduce its Woolwich range of mortgages further.
