Property experts predict a detrimental impact on the property market if Scotland vote ‘Yes’ for independence this month.

Property experts predict a detrimental impact on the property market if Scotland vote ‘Yes’ for independence this month.

If Scotland vote independence, it is likely that a new national currency will be introduced and this is predicted to depreciate against the pound by up to 10%.

Existing mortgages in sterling would need to be converted into the new Scottish currency and Scottish households could find themselves facing increased mortgage repayments each month!

Independence would also mean that Scotland will no longer be able to rely on the Government’s Help to Buy Scheme for first time buyers; making it even more difficult for those struggling to get onto the property ladder.

Something for those with property in Scotland, and those considering purchasing in Scotland to think about.