Scottish homebuyer confidence supported by numerous incentive schemes


Wednesday 31st October 2012

Wallace Gardens in Stirling from Stewart Milne Homes

Latest figures from the Bank of Scotland's Housing Market Confidence tracker show that 29% of people living in Scotland predict a rise in house prices within the next 12 months. At the same time, 25% of those surveyed expected costs to fall. The tracker aims to gauge people's opinions and track how confident the public is in the Scottish housing market. One interesting point that the survey revealed was that three-fifths (59%) of those asked say that coming up with a deposit is one of the main barriers to buying a property.

A number of housebuilders are currently offering a range of solutions to help potential buyers purchase their dream home without the need for a hefty deposit.

Stewart Milne Homes runs a First Time Buyers Plan with 95% mortgages available as well as a choice of furniture at no extra cost, complimentary carpets, curtains and light fittings and a 40" plasma television with home cinema. The option of shared equity is also offered. This incentive is available on a selection of developments across Scotland including Wallace Gardens in Stirling, where a two-bedroom apartment with living room, separate kitchen, built-in wardrobes, allocated parking and a security system is priced from £143,000.

A Deposit Match scheme, whereby the housebuilder will loan buyers up to 5% of the property value, is being offered from Taylor Wimpey. House-hunters need only save a 5% deposit and Taylor Wimpey will offer a further 5% in the form of an interest free loan to be paid back within 10 years. Stamp duty and legal fees can also be paid through the scheme, which is open to first-time buyers. The Leys in Bathgate is just one of the developments where Deposit Match is offered. Homes here start from £104,995 for the ‘Calder' apartment, which comprises a lounge, kitchen, two bedrooms, bathroom and a single garage.

Persimmon Homes has a Parent Payback system in place. The buyer's parents pay up to 20% of the property price as a deposit, which then earns them 5% interest on their investment for two years. The housebuilder also offers a First Time Buyers Package that includes shared equity offers and a reservation fee of £99. One of the developments this is available at is St Michael's Grove in Dundee, which comprises a collection of two-, three-, four- and five-bedroom homes with prices starting from £134,296.

Buyers can raise up to 25% of a property's purchase price by taking advantage of CALA Homes' shared equity scheme, entitled CALA Pay. The purchaser takes out a traditional mortgage from a lender and the housebuilder will provide the remainder of the cost in the form of a second charge loan. Rather than being for a set amount of money, this loan is based on a percentage of the property value. CALA Pay is offered at Grovewood Hill in Edinburgh where available properties start at £199,000 and Kinnaird Point in Larbert where homes are priced from £139,500.


New Homes in Scotland

Montgomerie Brook
Montgomerie Brook, Long Drive, Irvine, North Ayrshire, KA11 2GB
NOW AVAILABLE from £205,495
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 £335,000
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
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
Helenslee View, Helenslee Road, Dumbarton, G82 4AH
NOW AVAILABLE from £415,000
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'...
Doosan, Almora Drive, Dumbarton, G82 1AE
NOW AVAILABLE from £166,500
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, 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...
Den Of Pitfodels
Den Of Pitfodels,Garthdee Road, Aberdeen, Aberdeen City, AB10 7AP
NOW AVAILABLE from £362,995
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
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...
Waterside, Fidra Avenue, Burntisland, Fife, KY3 0BE
NOW AVAILABLE from £297,000
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
NOW AVAILABLE from £192,000
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
NOW AVAILABLE from £285,995
David Wilson Homes @ Fairmilehead is perfectly located on the southern outskirts of Edinburgh and offers a great selection of two bedroom apartments...
Earnock Glen
Earnock Glen, Scholars Wynd, Hamilton, Lanarkshire, ML3 8RE
NOW AVAILABLE from £159,995
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...