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Buying a house in Scotland - The Scottish System. (This is general information and you should talk to a solicitor for up to date guidance)

When buying a house in Scotland, especially if moving from England, you should be aware in your own interest that there are differences in procedure. In England there are 2 stages – making an offer, and exchanging contracts. In Scotland there is only one stage, or at least the 2 stages are almost literally combined – when your offer is accepted by the seller, you are both committed to proceed with the transaction!
In Scotland the ‘missives’ are usually signed by the solicitors and you must ensure that your solicitor is acting under your instructions and that he understands your situation and whether or not you are in a position to proceed with a purchase. Once your offer is accepted you are committed to proceed with the purchase – and failure to complete the deal can result in you being liable for very heavy costs if losses or a re-sale occur.

Finding a property to buy in Scotland

It is worth knowing that in Scotland, property is still widely advertised by solicitors as well as estate agents. Many Solicitors in east and central Scotland who sell property are members of the Edinburgh Solicitors Property Centre see 'www.espc.co.uk'. If you are searching for property to buy then a visit to the ESPC is essential.

The Price
When the housing market is healthy, a house is usually offered for sale in Scotland with ‘Offers Over’ price. Estate agencies juggle this indicator making it low enough to attract attention but expecting offers to be substantially higher (in the order of perhaps 20%). In periods of sluggish sales a lower offer may occasionally be accepted. A seller may offer property at a ‘fixed price’. This does not necessarily mean it will sell at that price, but the seller may be in a hurry and the financial position - cash available?) of the potential buyer may have greater influence on acceptance than the magnitude of the offer.
Closing Dates
Sometimes a ‘closing date’ is set. This means offers must be formally made by the given date. Since bids are ‘secret’ this should in principle reduce the possibility of ‘gazumping’ but also means that buyers bid blind and may incur costs with no certainty of a successful purchase. You can ask your solicitor to make a ‘note of interest’ to the seller and you will be notified once a closing date has been set. Because of the level of commitment required by the Scottish system, you should always ensure that you will be in a position to proceed prior to making a formal offer unless your offer is ‘subject to survey’. ................. Disclaimer

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Property for SALE and TO LET in Scotland, Loch Lomond, Trossachs and Callander

100_0403.JPG (1121732 bytes)Log Cabins for Sale........... Details
Balquhidder, Trossachs
Constructed by Island Leisure, these log cabins are sited at Balquhidder Braes Holiday Park just north of Strathyre near Callander.
Tel : 01567 830293 Email: enquiries@balquhidderbraes.co.uk

Static Caravans for sale in the Trossachs .. Details

Callander Holiday Park offers Static Caravans for sale on their Invertrossachs road statics site with its stunning views over the river to the Pass of Leny and the mountains.

Ancaster Road, Callander,
Perthshire
.....See Details
Offers in the region of £225,000
Split level semi detached villa. Lower lounge, kitchen on open plan with dining room, Four bedrooms, family bathroom, WC/cloakroom, Gas CH, Double Glazing, Split level family gardens, extras

See the Details22 Bruce Street Stirling. Tel 07968 272881
Offers in excess of £105,000
Top floor flat in a traditional tenement building within walking distance to Stirling city centre, Stirling University, bus and rail stations and motorway networks.

* Top floor flat within walking distance of Stirling city centre
* Lounge * Kitchen * Two Bedrooms

Gullipen View Callander
Offers Over £225,000
A superb three bedroom detached bungalow enjoying an enviable setting within a highly desirable locale and benefits from delightful views to Ben Ledi. Surrounding the house are neat and beautifully established garden grounds.

The Myrtle Inn
A roadside Inn situated in a very popular tourist destination. Bar with split level dining area, separate dining room, 3 bedroomed owner's accomm, car park, patio & garage. Same owner for last 11 years.
Retirement sale. Offers over £345,000
Bruce & Co. Business Agents.
Ref: 25627 Tel: 0131 4776060

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Land Wanted
Up to 10 acres of rural land wanted.
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MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTIONS ACT 1991.
These particulars are provided only as a general outline of the properties and buyers should make their own enquiries to satisfy themselves as to the accuracy of the information given. InCallander has no authority to make, give or imply any representation or warranty regarding these properties

 

Disclaimer

All texts and images on this site © InCallander. Permission for use normally given on request.  Conditions apply.

Disclaimer
The above information has been assembled from a number of sources and from my own experiences. It is your own responsibility to ensure that you understand the current situation regarding the Scottish legal system before entering into any negotiations or making any offer......CONSULT A SOLICITOR


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