Interesting new data released by the Council of Mortgage Lenders estimates that total gross mortgage lending was £15.2 billion in February. This is 6% lower than January’s figure of £16.1 billion, but 43% higher than the £10.6 billion lent in February last year and the highest total for a February since 2008.
Interesting new research from Clydesdale and Yorkshire Banks, released last week, highlighted that optimism is returning to the property market with the number of people planning to move doubling over the last 12 months.
Many people are continuing to experience difficulty in obtaining finance in order to purchase a house, and as a result consumer organisation Which? has been encouraging consumers to look at all of the options available to them.
With 26 towns in the UK – including Perth and Dumfries - applying for city status as part of this year's Diamond Jubilee celebrations, Bank of Scotland has looked back at how house prices in cities have performed over the past 25 years.
The Bank of Scotland has launched its annual ‘Second Stepper’ report which tracks the ongoing plight of first time sellers amid a challenging housing market in Scotland. The report reveals that home affordability for Second Steppers has become much less favourable and declining house prices have led to equity shortfalls for many.