I have heard with interest a rumour, nothing more than a rumour, that the Scottish Government is now actively reconsidering their position on Home Reports in light of the withdrawal of the deferred payment facility by Close Brothers. My understanding is that they are considering temporarily withdrawing the Home Report to give the property market a welcome boost and also to assist financially disadvantaged sellers.
I would strongly welcome this move – I will let you know should I hear anything further.
I would add that currently, as previously mentioned (see 10 December 2010 post), I have been in communication with a number of surveying firms who have advised me that they will either have their own deferred payment scheme or would look favourably on any request for a deferred payment report.
Should you require further information please do not hesitate to contact either myself or any member of the Blackadders Property Services Team.
Head of Property Services
T: 01382 229222
- Home Reports – The Final Nail in the Coffin? (blackadderspropertynews.com)