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Glasgow Solicitors Blog from The GLP

Contact us for expert legal advice. Speak to a solicitor today.

House Price Index Reveals Annual Price Rise

UK house prices rose by an average of 4.1% on an annual basis, taking the average property value to £215,847, according to March’s edition of the UK House Price Index (UK HPI). On a monthly basis, house prices have fallen by 0.6% across the UK since February 2017.

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Mortgage Lending from the Bank of Mum and Dad

New research has revealed that the Bank of Mum and Dad is now on a par with the 9th largest mortgage lender in the UK and will be involved in 26% of all property transactions that take place in the UK market this year.

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Home Ownership Ambitions Remain Strong

It is good to hear that home ownership ambitions in the UK are still strong, despite the difficulties would-be home owners can experience in raising deposits.

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First-Time Buyers Struggle to Raise Deposits

A record number of first-time buyers are now relying on financial help from family members in order to get a foot on the property ladder, according to new research from the Social Mobility Commission. The ‘bank of mum and dad’ is often the lender of choice for many would-be home owners.

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Government Urged to Act on Retirement Housing

Two separate organisations representing the interests of older people have called for a “revolution” in housing provision to better meet the housing needs of people in retirement.

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