Posts tagged ‘scotland’
With 100 days until the Scottish independence referendum, what can you buy north and south of the boarder for the same amount of cash?
3. For sale with an asking price of £150,000 – five bedroom detached house in Dumfries And Galloway (left) verses four bedrooms in Durham (right)
Whether you’re looking for seclusion or something just that bit different a private island should be top of your list.
1. Who wouldn’t want to live on an island in The Bahamas?
Island in The Bahamas, £3.5m – HG Christie Ltd
2. Own your own piece of heaven (The Song Saa Private Island).
2 bed in Cambodia, £5.3m – CB Richard Ellis
3. Best of both worlds – a private island but still not cut off from civilisation.
11 bed in Weybridge, £4m – Curchods
4. The private island may not be the biggest but look at the house that comes with it!
7 bed in NY, USA, £23.5m – Sotheby’s
5. Little Bokeelia Island is over 100 acres of romantic splendor offering majestic tropical living – YES PLEASE!
4 bed in Florida, USA, £14.6m – Mayfair international Realty
6. If you’re interested in an island venture why not consider this magical, secluded paradise retreat.
70 bed in Florida, USA, £19.1m – Coldwell Banker
7. A unique style home for a unique setting.
3 bed in Seychelles, £4.4m – Century 21
8. An exceptional private island situated on the stunning coast line of Argyll in Loch Craignish.
7 bed in Argyll, £4.4m – Knight Frank
9. This untouched private island in The Bahamas offers a fresh start.
Land in The Bahamas, POA – HG Christie
10. Where better to be surrounded by water than a Venetian lagoon.
4 bed in Italy, POA – Venice Sotheby’s
Help to Buy borrowers in Scotland are being given interest-free loans of up to £80,000 to buy a home – with no time frame for repaying it.
Mortgage experts said Scottish borrowers were being offered ‘better value’ than their English counterparts.
It comes as David Cameron gave an emotional plea today to ‘save the most extraordinary country in history’ by preventing the break-up of the United Kingdom.
The Prime Minister warned that if voters back Scottish independence on September 18, there will be ‘no going back’.
Under the Help to Buy equity loan scheme, those buying a new build property in Scotland are offered a Government loan of up to 20 per cent. It is the same for those in England – but with one clear difference regarding the loan as those in England are required to repay it within five years or start paying interest.
The Scottish Government equity loan, however, can be repaid at any time. It means borrowers can effectively run to the end of their mortgage term – typically 25 years – before ever having to repay it.
Under both the Scottish and English equity loan version, borrowers need to provide a minimum deposit of 5 per cent and a mortgage of 75 per cent.
The English scheme is available on new build properties up to the value of £600,000, meaning the maximum equity loan available is £120,000.
In the sixth year, English borrowers will be charged a fee of 1.75 per cent of the loan’s value after which the fee increases every year. The increase is based on the Retail Prices Index, plus 1 per cent. No such fees will apply for the Scottish version.
Ray Boulger, of mortgage experts John Charcol, told Zoopla:
“The big plus for purchasers, compared to the English scheme, is that the equity loan is interest free for the whole term, compared to only the first 5 years for the English scheme. This makes it even better value and anyone with only a small deposit buying new build property will almost certainly get much better value from this scheme than any other mortgage option.”
Help to Buy was announced by the Chancellor last April and aims to help people buy homes with a deposit of as little as 5 per cent. At the same time, the scheme was launched in England.
During the first six months, an interest-free loan of almost £40,000 from the Government was being given to 30 English borrowers a day to help them buy a new home, according to figures issued by Communities and Local Government.
The Scottish version of the equity loan scheme was launched in September, and since then has helped a total of 203 households to successfully get a mortgage and buy a new home.
Latest figures also found 1,205 applications were received by the New Year for the Scottish scheme.
More than two hundred borrowers have bought a new home in Scotland using the Help to Buy equity loan scheme, according to new figures.
The data was announced by the Scottish Government, which provides an interest-free loan of up to 20 per cent of the value of a property under the Scottish Help to Buy scheme.
Help to Buy was announced by the Chancellor last April and aims to help people buy homes with a deposit of as little as 5 per cent.
It was launched in Scotland in September, and since then has helped a total of 203 households to successfully get a mortgage and buy a new home.
The figures also found 1,205 applications were received by the New Year for the scheme.
Deputy First Minister Nicola Sturgeon said: “There is no doubt that getting onto, or moving up the property ladder has become tougher in recent years, which is why our Help to Buy (Scotland) scheme is crucial in helping more households take that step.
“Large deposits are often a major barrier to would-be homeowners and it is fantastic to see the first results of our Help to Buy scheme, which has already helped almost 200 households into home ownership since it launched in September.
“Help to Buy (Scotland) is not only helping people buy their first home, it also helps ‘second-steppers’ and others move to a new property and the popularity of the scheme is evident through the 1200 plus applications that have been received so far.”
If you are looking to buy into the lifestyle of a lingerie queen, then this five bedroom home belonging to Michelle Mone could be yours.
The queen of lingerie Michelle Mone is selling her luxury home in South Lanarkshire for £1.5m – complete with 10 plasma screens and four washing machines.
The sale of the property comes after the Ultimo tycoon split from her husband Michael.
The former couple reportedly bought the site five years ago, demolishing the original building and replacing it with the five bedroom home.
It is located in what is regarded as one of the most desirable places to live in Scotland – a village called Thorntonhall.
All the furniture is also for sale and is understood to have cost £600,000.
The property is understood to have ‘an extraordinary level of security’ with infra-red cameras and sensors in the garden.
There are also remote control panic buttons and CCTV, which can be monitored by smartphone from anywhere in the world.
Peter Gillespie, an estate agent at Savills, told Zoopla that the property was built to exacting standards by one of the foremost builders in Scotland.
“It was taken to a new level of excellence by the Mones, with every piece of furniture made specially for the house, very high technical specification and state of the art security system, as such it is one of the finest villas in the West of Scotland,” he added.
Mone was originally hoping to get around £1.65m for the property, about 10 miles south of Glasgow, but she has dropped her asking price by £150,000 to £1.5m.