The value of mortgages in Scotland continues to climb, new research has indicated.
According to a study carried out by LSL Property Services, September saw house prices north of the border increase for the third month running.
The investigation revealed these costs swelled by 0.8 per cent over the four-week period, in what has been described as an ‘end of summer bounce’.
In addition, it was demonstrated that year-on-year house price decline reduced to -1.5 per cent, having stood at -1.9 per cent the month before.
Mortgage values in the country are likely to have followed suit and Gordon Fowlis, regional managing director of Your Move – which was set up in the 1980s by UK Insurers General Accident – noted it is normal for such costs to rise during this time of year, as many people choose the summer to relocate to a new property.
The industry figure added: “This year, that trend has lasted longer than normal, with the market making up for lost time after a turgid spring and more buyers looking to take advantage of cheap mortgage rates.”
