Great PR For Scottish Solicitors and Estate Agents
An opinion piece by Scott Brown, Estate Agent Partner at Warners Solicitors and Estate Agents featured in The Scotsman.
The piece focuses on the impact of the recession on the property market.
He explains that his advice would always be that clients sell their home before buying, in order to avoid the risks of being penalised for failing to honour missives on a purchase in case they cannot sell.
He said: “Firstly, you pay penalty interest from the day you were supposed to pay till either the day you can pay or, till the date that resale completes.
The penalty interest is usually around 4 percent above base rate, so if I was buying at say £210,000 (roughly the average sale price in Edinburgh), the interest would be about £777 a month, or over £9,300 for a year.”
He also gives advice on deposits when buying a house.
This piece was secured thanks to our excellent media relations here at The Holyrood PR.
This coverage was secured by The Holyrood PR, on behalf of Warners Solicitors and Estate Agents.