Property News from Saint Property

Saint Property Dispatch. 14th July 2010
August 3rd, 2010

Mortgages
· The FSA announced this week that there will be tough new standards to ensure responsible lending. Mortgage applicants’ incomes will in all cases be verified and an affordability test carried out.
· 43% of mortgages approved in 2009 and the first quarter of 2010 were self certifications. Mortgages without income checks would not be agreed [...]

The Scotsman. Housing market ’stands on brink of Nineties-style collapse in prices’. Jeff Salway. 10th July 2010
July 13th, 2010

THE UK housing market stands on the brink of a relapse that could send house prices tumbling over the coming months, it has been claimed.
New figures have revealed that house prices fell for the third successive month in June, the latest indication that the nascent housing market recovery has stalled. And a housing market expert [...]

Dispatch. 29th June
June 30th, 2010

Agricultural Trends
On the 16th June 2010 Scotland’s Chief Statistician released various reviews on The Scottish Agricultural Industry giving an in depth analysis of agricultural statistics. The following is of note:
Total Income from Farming Between 2008 and 2009:

Decreased by £20 million (3.2%) to £589 million.
The increase in payments and subsidies of £72 million was countered by [...]