The average price of a residential property in Scotland reached £145,992 in November 2017, according to the latest UK House Price Index. This is a rise of 3.6% compared to November last year, and an increase of 1.1% compared to the previous month. 

City living is becoming increasingly unaffordable across the UK, according to new research by Lloyds Bank. 

We would like to raise awareness to a fraud that has recently come up where fraudsters are currently hacking into email chains between house buyers or sellers and their solicitors and diverting house purchase payments. The fraud involves the monitoring of email communications between purchaser or seller and solicitor using malware that looks for key words such as ‘house purchase’, ‘deposit’, ‘buy’ and ‘payment’ – and then they make their move.

There is a real lack of understanding about the house buying process and associated costs amongst those looking to buy their first home, new research has revealed.

In a recent article published in The Journal of the Law Society of Scotland, Debra Clapham, partner at Claphams Solicitors, gives an interesting insight into the use of Scottish Standard Clauses in the Scottish house sale and purchase process.