Dallas McMillan's Glasgow Lawyers' Blog

In just a few short weeks, the Private Housing (Tenancies) (Scotland) Act 2016 is set to come into force across Scotland, bringing with it the new “Private Residential Tenancy”. From the 1st of December, the new Private Residential Tenancy will be the only tenancy open for private landlords and tenants in Scotland. Following enforcement of the new Act, the common Short Assured Tenancy, despite its popularity within Scotland's residential letting sector, will no longer be available. It is worth noting that existing Short Assured Tenancies will continue and will not automatically be converted to the new regime.

East Dunbartonshire is the UK’s most affordable area for first-time buyers (FTBs), according to the latest First-Time Buyer Review from Bank of Scotland. The average property price here sits at £97,089, which is only 2.6 times local annual average gross earnings.

The Council of Mortgage Lenders recently published a breakdown of house purchase lending in Scotland during the first quarter of 2015.

The latest House Price Index from Halifax has revealed that house prices in the three months to May were 1.4% higher than in the preceding three months. This was slightly below April’s 1.5% and was the lowest since November 2015 (1.4%).