In this week's episode of ESPC's First-timers Club we are talking about LBTT (Land & Buildings Transaction Tax) with Gavin Pearson, a solicitor at Mov8 Real Estate.

It's likely you may have heard of Stamp Duty - a tax payable on the purchase of a property, but do you know what LBTT is? LBTT is Scotland's version of Stamp Duty.

During this episode Gavin debunks what LBTT is, how it is paid and how to determine how much you LBTT you will pay on a home.

You can calculate this using our ESPC LBTT calculator.

CHAPTERS:
0:00-1:05 Intro
1:05-2:00 What is LBTT? (and how is it different to Stamp Duty?)
2:00-3:06 Calculating the amount of LBTT due
3:06-3:58 Tax relief for first-time buyers in Scotland
3:58-5:50 How does LBTT apply to new builds or shared ownership properties?
5:50-7:07 When is LBTT due and who makes the payment?
7:07-8:44 What should first-time buyers consider when budgeting for LBTT?
8:44-10:48 LBTT for different price points

Find your first home on https://espc.com

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.

In this week's episode of ESPC's First-timers Club we are talking about Home Reports. Megan is joined by Kirsten Nicolson, a Director at DM Hall.

In Scotland, it is a legal requirement for sellers to have a Home Report for their property. This allows prospective buyers the chance to find out more about the structural condition of the home and alerts them to any issues that they face if they were to purchase the property.

During this episode Kirsten explains what a Home Report includes, how to read it and what first-time buyers should look out for.

CHAPTERS:
0:00-0:44 Intro
0:44-3:34 What is a Home Report in Scotland?
3:34-4:40 What should you look out for in a survey?
4:40-5:33 What is a non-traditional property?
5:33-6:00 Other things to take note of
6:00-8:43 What do category 1,2 & 3 repairs mean?
8:43-9:45 What does an EPC rating tell a buyer about a property?
9:45-11:19 Does a Home Report negate the need for additional surveys?
11:19-12:01 Who pays for a Home Report?
12:01-13:08 Advice for first-time buyers reading Home Reports

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.

In this week's episode of ESPC's First-timers Club we are talking about appointing a solicitor. Megan is joined by Keri VanderburgSole, a Partner at Blair Cadell.

In Scotland, it is a legal requirement to use a solicitor when buying a property. A solicitor will make offers on your behalf and can provide advice and support throughout the process.

During this episode Keri explains why first-time buyers need to appoint a solicitor as well as how they can do it and her best advice for first-time buyers.

CHAPTERS:
0:00-0:37 Intro
0:37-2:24 Why do you need a solicitor in Scotland?
2:24-3:10 When should you appoint a solicitor?
3:10-4:14 How to contact a solicitor?
4:14-5:07 How much does a solicitor cost?
5:07-5:44 What documents do you need?
5:44-6:30 When do you pay a solicitor?
6:30-8:04 How to choose the right solicitor?
8:05-9:22 How long does it take for first-time buyers to get an offer accepted?
9:22-10:20 How solicitors can help you make the right offer
10:20-11:26 What is a Note of Interest?

Find a local solicitor estate agent here: https://espc.com/find-an-agent

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.

Welcome back to the ESPC first-timers club!

In this episode we discuss the process of applying for a mortgage including how to work out your budget, how to find out about your credit score and the best ways to save money for a deposit.

CHAPTERS:
0:00-0:30 Intro
0:30-2:10 Working out how much money you can borrow
2:10-3:14 Calculating affordability
3:14-5:07 How do children and pregnancy affect your mortgage eligibility?
5:07-6:21 How to find out what your credit score is
6:21-7:57 How much money do you need to buy a home?
7:57-9:16 Additional costs to mortgages
9:16-11:07 Money saving advice
11:07-11:34 When is the best time to speak to a mortgage advisor

The initial consultation with an ESPC Mortgages adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice are usually £395 (£345 for first-time buyers). YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.
ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the Financial Conduct Authority.

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.

Welcome to the first episode of ESPC's First-Timers Club - the ultimate companion for first-time buyers in Scotland.

In this episode our guest is David Lauder, a mortgage advisor at ESPC Mortgages and we discuss the basics of getting a mortgage including what a mortgage actually is, why you may need one to get a property and what's involved in securing one.

CHAPTERS:
0:00-1:55 Intro
1:55-3:06 What is a mortgage? And why do you need one?
3:06-5:53 What is the process to get a mortgage?
5:53-7:23 How long should your mortgage be?
7:23-9:02 Can you change your interest rate once you've chosen your mortgage?
9:02-10:41 Can you pay more than your monthly repayments on your mortgage?
10:41-12:14 Do you have to stick to your initial term on a mortgage?
12:14-14:26 What is the difference between fixed rate and tracker mortgages?
14:26-15:31 How to find out more about taking out a mortgage


The initial consultation with an ESPC Mortgages adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice are usually £395 (£345 for first-time buyers). YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.
ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the Financial Conduct Authority.

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.

Are you a first-time buyer in Scotland? Then you've come to the right place!

Welcome to ESPC's First Timers Club - the ultimate podcast companion for those looking to get on the property ladder in Scotland.

In this series, we will guide you through the process of buying a home and teach you all about the steps involved in buying a home in Scotland.

If you would like us to answer a specific question, please get in touch with us on marketing@espc.com

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.