Tesco Bank are leading the current mortgage rate war. Available for either purchase or re-mortgage their 2 year 1.99% fixed rate is available for up to 60% Loan to Value. There is a non-refundable booking fee of £195 and product fee of £800 which can be paid upfront or added to the mortgage.

They will also pay your standard legal fees and your first standard valuation fee.

The average price of detached houses in Scotland increased by almost 70% over the past 10 years. The average price is now worth an average of £238,000, over £20,000 less than five years ago but £100,000 more than in 2002, when the average value was just £140,000. Compared to other types of properties, detached homes have seen the smallest drop in price over the past five years. The average price of property has fallen by 21% since the height of the market in 2007, with flats down by 23%, their values having suffered as a result of the difficulties faced by first time buyers in getting a mortgage.

Between 2002 and 2007, when it was easier for first-time buyers to get on the property ladder, the average price of flats rose by 126%. Semi-detached homes – which have had seen their average value fall by 16% over the last five years – and terraced homes now account for a larger share of property sales than in 2007. Flats now make less than 32% of property deals, down from 36% in 2007.

The gap between the average price of a detached home and other types of property has grown in the last five years. The average price of a detached property is now 113% more than for a flat and 107% more than a terraced home, compared with 82% and 67% respectively five years ago.