Trussle sees 136 per cent increase in mortgage applications for Scottish properties

Trussle sees 136 per cent increase in mortgage applications for Scottish properties

Online mortgage broker Trussle has seen a 136 per cent increase in mortgage applications for properties in Scotland.

The Scottish housing market has now been open for three weeks following the lifting of the coronavirus lockdown restrictions.

As a result of this, Trussle has also seen a surge in remortgage applications, with a 67 per cent increase reported from May to June this year.

The firm’s research has also indicated that Scotland was among the top ten most popular destinations for relocation in the UK. Trussle said that there have been continuing reports of homeowners looking to move out of big cities since lockdown, so it’s no surprise that the market has seen a spike of 71 per cent among London buyers viewing properties in Scotland.

Miles Robinson, head of mortgages at Trussle, said: “It’s encouraging to see the Scottish property market back up and running again. The government’s decision to reopen the residential property market on 29th June, and the cutting of Land and Buildings Transaction Tax (LBTT), both support the potential for recovery following the COVID-19 lockdown.”

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