Greater appetite for new homes north of the border


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

David Wilson @ Fairmilehead
David Wilson @ Fairmilehead, Buckstone Terrace, Edinburgh, City of Edinburgh, EH10 6XH
NOW AVAILABLE from £365,995
David Wilson Homes @ Fairmilehead is perfectly located on the southern outskirts of Edinburgh and offers a great selection of two bedroom apartments...
Montgomerie Brook
Montgomerie Brook, Long Drive, Irvine, North Ayrshire, KA11 2GB
NOW AVAILABLE from £203,495
A charming development in the popular Ayrshire town of Irvine which offers a stylish mix of three, four and five bedroom detached homes. Every house...
Earl's View
Earl's View, Woodilee Village, Off Woodilee Road, Glasgow, G66 3UA
NOW AVAILABLE from £442,000
DIRECTIONS Luxury 4 & 5 bedroom family homes prices from £435,000. Look forward to a new year in your new CALA home. Part...
Gilsland Grange
Gilsland Grange, North Berwick, East Lothian, EH39 5JA
NOW AVAILABLE from £565,000
Situated in the picturesque East Lothian coastal town of North Berwick, Gilsland Grange’s spacious four and five bedroom family homes offer...
Millbank, Just off Leny Road, Deanston, Stirlingshire, FK16 6AP
NOW AVAILABLE from £299,995
Final homes now released.  Ask about Help to Buy (Scotland) at Millbank. Located in the heart of the Stirlingshire countryside near Doune, ...
Church Hill Brae
Church Hill Brae, Millgate, Winchburgh, Broxburn, EH52 6SN
NOW AVAILABLE from £124,995
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...
Ochilview, Main Road, Maddiston, Falkirk, FK2 0LU
NOW AVAILABLE from £99,995
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...
Parklands, Coltswood Road, Coatbridge, North Lanarkshire, ML5 2AB
NOW AVAILABLE from £132,495
Welcome to Parklands - introducing our new 'Caledonia' range of homes to Coatbridge. This new neighbourhood will include three bedroom terrace, semi...
The Beeches
The Beeches, Queensferry Road, Kirkliston, Edinburgh City, EH29 9AQ
NOW AVAILABLE from £259,995
At The Beeches in Kirkliston, Barratt Homes brings you the best of both worlds. With a great selection of homestyles in a great location you'll find...
Cala At Fairmilehead - West Cairn Apartments
Cala At Fairmilehead, Edinburgh, City of Edinburgh, EH10 6QJ
With the rolling Pentland Hills providing a stunning backdrop, these fantastic apartments embody style and flexibility. Our range of one, two and...
Richmond Gate
Richmond Gate, Fauldhouse Way, Oatlands, Glasgow, G5 0JB
NOW AVAILABLE from £97,000
When you visit any of our developments before the 27th of September you could win an all-inclusive holiday worth £2,000!** Richmond Gate is...
Prestonfields, Prestongrange Road, Prestonpans, East Lothian, EH32 9GP
NOW AVAILABLE from £119,995
On the beautiful East Lothian coast, Prestonfields is a superb collection of homes with open countryside and sandy beaches on the doorstep, good...