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As 40,000 interest-only mortgages are set to be called in during the course of this year, half of those affected are without plans to meet payments when current arrangements mature, according to new data. City watchdog, the Financial Conduct Authority (FCA) along with Experian said in 2013 that arou

Gross mortgage borrowing of £17.1 billion recorded in March was a huge 64 per cent higher than the corresponding period a year ago, according to the latest High Street Banking Statistics published today the British Bankers Association. The total for the third month of the year was also the highest

The Post Office has made a play for more mortgage business by launching two of the cheapest fee-free mortgages now available on the market. The challenger bank, known as Post Office Money, now offers a two year fixed rate mortgage at 2.23pc for those with a 15pc deposit, with no fees and free valuat

Maureen Leslie Scottish insolvency practitioner Maureen Leslie has been appointed President of the London-based Insolvency Practitioners Association (IPA).

The volume of residential property sales rose 18.2 per cent in the fourth quarter of 2015-16 compared to the same period last year, according to official statistics published today by Registers of Scotland. A total of 19,802 properties changed hands between January and March, the highest volume of s

The rising share of income spent on housing over the last two decades is equivalent to a 10p increase in the basic rate of tax for a typical family, according to new Resolution Foundation analysis. The analysis, which forms part of the Foundation’s forthcoming housing audit, finds that the share o

Phil Anderson Phil Anderson is managing director of Aberdeenshire-based Phil Anderson Financial Services

The latest Sunday Times Rich List has revealed that the family behind one of the world’s best-selling single malt whiskies remains at the top of the annual league table of Scotland’s richest people. The family which owns the Dufftown-based business William Grant and Sons, makers of Glenfiddich,

Menzies Campbell Sir Ming Campbell, who is leading the European Movement in Scotland campaign to keep the UK in the EU has urged Scottish businesses to ‘get off the sidelines’ and make their voices heard on the benefits of EU membership in the run up to EU Referendum.

Independent Scottish accountancy firm, Campbell Dallas, is to invest £250k on the recruitment and development of 15 apprenticeship accountants this year, adding to the 50 staff currently under training contracts with the firm. One of the largest providers of accountancy apprenticeships in Scotland,

Simon Crompton (left) and Graeme Finnie. Scottish accountancy and business services firm French Duncan has appointed Simon Crompton as a non-executive director.

New research from Glasgow-based Clydesdale Bank has revealed that 14 per cent of UK homeowners have decided the time is right to move while one in five are focused on improving their current home. The findings highlight the stability of the property market as the same level of homeowners planned to

Ken McHattie Institute of Chartered Accountants of Scotland has named Ken McHattie as its new president.