Greater appetite for new homes north of the border

Date:

Thursday 1st December 2011

Fresh mortgage figures suggest that property sales north of the border may improve in the coming months as more prospective purchasers are now in a position to buy a new home in Scotland.

The latest data published by the Council of Mortgage Lenders Scotland shows that mortgage lending increased by 8% in the third quarter (Q3) of 2011, thanks partly to a marginal 1% increase in the average loan-to-value ratio for first-time buyers to 80% of a property's value.

The figures reveal that 4,600 loans worth around £429m were lent out to first-time buyers in Q3, marking a 7% increase by volume and 10% by value.

Mark Dyason, director of Edinburgh Mortgage Advice, believes that market conditions and confidence is gradually improving.

He said: "Loan-to-values have edged up and the increased competition among lenders has led to some highly attractive products, which is diluting the effect of slight rate increases.

"It's still difficult for first time buyers to get onto the property ladder but it's far less difficult than it was six months ago."

There is a wide selection of new build homes in Scotland for homebuyers to choose from.

Housebuilder Robertson Homes is currently developing a development of luxury one, two and three bedroom apartments in Foresters Way, Inverness. Set in a restored 19th century B-listed building, new homes in this unique development, called Gleann Mor House, range from £115,000 to £200,000.

In Edinburgh, Cala Homes is selling a selection of one, two and three bedroom homes at in East Fettes Avenue. The Hutton apartments offer high specification throughout and spacious, flexible living areas these homes are perfect for contemporary living. Prices start from £295,000.

New Homes in Scotland

Earl's View
Earl's View, Woodilee Village, Off Woodilee Road, Glasgow, G66 3UA
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DIRECTIONS Luxury 4 & 5 bedroom family homes prices from £335,000. Look forward to a new year in your new CALA home. Part...
The Tryst, Kinnaird Village
The Tryst, Kinnaird Village, Kinnaird Point, Bellsdyke Road, Larbert, FK5 4XN
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THE TRYST. EVERYTHING YOU LOOK FOR IN A HOME. AND A FEW FEATURES YOU’D NEVER EXPECT. Exclusive one and two bedroom apartments designed to bring...
Helenslee View
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Choose a home you won't find anywhere else and a package worth thousands! With Express Move at Helenslee View you can have all you'...
Venture
Doosan, Almora Drive, Dumbarton, G82 1AE
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Choose a home you won't find anywhere else and a package worth thousands! With Express Move at Venture you can have all you've ever...
Prestonfields
Prestonfields, Prestongrange Road, Prestonpans, East Lothian, EH32 9GP
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On the beautiful East Lothian coast, Prestonfields is a superb collection of homes with open countryside and sandy beaches on the doorstep, good...
Den Of Pitfodels
Den Of Pitfodels,Garthdee Road, Aberdeen, Aberdeen City, AB10 7AP
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Den of Pitfodels is a luxurious development of 3, 4 and 5 bedroom family homes located on the edge of the Royal Deeside area of Aberdeen. Situated...
Church Hill Brae
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Whether you are searching for your dream family home or making your first step on the property ladder, Church Hill Brae offers a stunning collection...
Waterside
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Choose a home you won't find anywhere else and a package worth thousands! With Express Move at Helenslee View you can have all you'...
MI new Home
Village Green
Village Green, Kingsbarns, Fife, KY16 8DG
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Village Green is a stunning prestigious development in the rural village of Kingsbarns just 15 minutes drive from the historic town of St. Andrews....
David Wilson @ Fairmilehead
David Wilson @ Fairmilehead, Buckstone Terrace, Edinburgh, City of Edinburgh, EH10 6XH
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David Wilson Homes @ Fairmilehead is perfectly located on the southern outskirts of Edinburgh and offers a great selection of two bedroom apartments...
Earnock Glen
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This is your very last chance to own a home at our popular Earnock Glen development. With only one home left from an award-winning builder, you can...
Ochilview
Ochilview, Main Road, Maddiston, Falkirk, FK2 0LU
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At Ochilview, we have a fantastic selection of three, four and five bedroom semi-detached and detached family homes. Set in a semi-rural location on...