Mortgages Become More Affordable in Scotland

Reduced mortgage rates and decreasing house prices in Scotland have led to a significant improvement in mortgage affordability, according to new research released by the Bank of Scotland. Mortgage payments as a proportion of income have dropped by over two fifths in recent year from the record 38% level reached in the fourth quarter of 2007.

Scotland Commercial Market Slowing Further

A sagging real estate market has not just affected the business world in the US. News from Scotland tells of commercial real estate deals there having plummeted as confidence in lending continues to drop.

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