Increase in First Time Buyer Products

Following on my review of 2012 and predictions for 2013, I have been astounded by the number of 95% products that have started to come on the market.  There is definitely a feeling that lenders are starting to release the taps and become more sensible in relation to the products and requirements in relation to lending.  This can only be a good sign and further fuels my feeling that we are going to see an increase in activity during the course of this year.  Interestingly, Retties have just announced their predictions for 2013 and they are predicting Scottish prices rising between 0.5% and 1.5% and activity levels increasing by 2%.  Any report that is positive is a good thing, and I do agree with them in relation to house prices but I am hopeful that we will see a larger increase in activity levels, although their figure is Scottish-wide and there is still very much an east-west divide in Scotland.   I will continue to keep you advised of trends.


Lindsay Darroch
Partner & Head of Property

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