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Following Friday’s announcement from the Halifax that it is to raise the age limit for people paying off mortgages to 80, the Nationwide has today gone one further and upped its limit to 85. The move will be seen as the latest sign of the impact of rising house prices on buyers.

Scottish businesses’ hiring intentions have fallen sharply to levels last seen in 2014, according to the latest Business Trends Report by accountants and business advisers BDO. The latest report reveals that the Employment Index, which tracks firms’ intentions to hire in the coming six months, h

Administrators from Deloitte have taken over at Aberdeen shipping firm Harkand Group after the company said it could nolonger survive in the face of losses inflicted by the prolonged fall in global oil prices More than 170 jobs are to be lost in Aberdeen and London.

Scandal hit Glasgow-based lender Clydesdale Bank has had another £450 million set aside to compensate customers mis-sold payment protection insurance (PPI), according to the latest results of its former owner. The new provisions take the total cost of mis-selling various financial products at the b

Barclays Mortgages has today made the controversial move to reintroduce the 100 per cent mortgage back into the UK housing market. Such products were slammed in the wake of the 2008 financial crisis for being a major catalyst of the meltdown.

Stuart Rowson Stuart Rowson has joined law firm Lindsays as a partner in its commercial property team based in Edinburgh.

Aberdeen Asset Management has today posted interim results showing a drop in revenues of 20 per cent to £483.6m. - down from the six-month revenues to March 2015 of £605.2m. The asset manager blamed emerging markets for the poor performance as it announced it would be making £70m of annualised co

Harper Macleod has significantly increased its share of the Scottish legal market after announcing record performance for the most recent financial year. The firm’s turnover soared by almost 17 per cent to reach £25.7 million.

Royal Bank of Scotland has today announced a loss of £968m for the first quarter of 2016 on the back of a £1.2bn dividend payment to the government as a result of its £54 billion bailout at the height of the financial crisis. The Edinburgh-based lender, which is still 73 per cent state-owned, str

Last year saw the lowest number of personal insolvencies recorded in Scotland for fourteen years, the Accountant in Bankruptcy has revealed. The AiB’s latest figures show there were 8,413 personal insolvencies recorded in Scotland during the last financial year.

Catherine Burnet Global accountancy giant KPMG has named Catherine Burnet as the new head of its business in Scotland.

Michael Thomson and Shona GeeCHAP Group has strengthened its senior team with the appointment of a new finance director and land manager.The Westhill-based group operates divisions in the construction, commercial property, house building, civil engineering and quarrying sectors. It reported turnove

Still 73 per cent state-owned, bailed-out Royal Bank of Scotland (RBS) is bracing itself for a fresh legal assault from small business owners after a group of its former customers were given the green light to launch a class action against the lender. The group, known as RGL Management, says the Edi

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