Wednesday, July 9, 2008

Unable To Sell

Despite house prices continuing to grow in Scotland The Herald reports here the slow down in the property market is causing problems for some separating couples who are finding it difficult to sell the former matrimonial home. This coupled with problems securing a mortgage means it is more likely divorcing couples will be compelled to continue living together.

Rather confusingly the article continues backing the story by quoting Marilyn Stowe, of the Yorkshire and Cheshire-based Stowe Family Law firm;

"This is a very difficult time because, with their main asset essentially being significantly depleted, the value having gone down, it means that there is less money available to rehouse both parties."

Grr... I'm not sure if the intention was to comment on the situation in England or on what Scotland can expect to come??


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