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Kept there word
After initial contact, everything that was promised was delivered and the communication was superb.
, Dumbarton Apr 15, 2013

Interest only or repayment

Interest only or repayment

It’s not the most glamorous topic in the world we admit but it is one that most likely you will have to endure at some point in your life.

So what’s the best option to choose, does it really matter and what’s involved? We’ll take a quick look below.

Interest only or repayment

A repayment mortgage for a residential property purchase is most peoples choice when buying their property. It is a sensible choice and allows you to eat away at repaying your mortgage. If you stick to paying your payments as in your mortgage agreement , at the end of your chosen timescale, your mortgage debt will be cleared and you will own your home outright.

Generally you will find a greater choice from lenders when looking at repayment mortgage products.interest only or repayment

Lenders have far stricter criteria with interest-only mortgages.

Due to the very nature of the product – ie you are only paying back the interest, not the capital, the lender will look for security in that you are able to clear the capital at the end of the mortgage. A minimum £150,000 equity in the property is required for some lenders though not all, and where any part of the mortgage is on an interest only basis, the maximum loan you will be able to borrow is 75%. When looking at interest only products it is paramount to ensure that a repayment vehicle is in place to ensure funds will be available to repay the mortgage when the term expires. Hoping for the property to rise in value is not a safe approach and one that the lender will likely not accept.

Interest only or repayment

Of course the upside of an interest only mortgage is that the monthly payments are far less. Your life circumstances may value this as of higher importance short term, or you may have other means in place to pay the capital at the end of the mortgage. There are obviously many factors to take into account when deciding what is right for you.

Interest-only mortgages for residential purchases are no longer usually availalable, but where interest-only is acceptable is on a buy-to-let property, which cannot be your home. This is  viewed as an investment. The downside of this, of course, is that unless you sell the property, the actual mortgage will never be cleared.

The safer approach is a repayment mortgage rather than interest-only. For buy-to-let, it depends on a lot of factors such as affordability, tax implications and how long you are likely to hold on to the property.

There are many independent mortgage advisors out there who will offer impartial advice on the different options out there but ultimately it is down to you to decide what works best for you.


Interest only or repayment – 23/10/17

Sell in winter

Sell in winter

The days are definitely becoming shorter. It’s dark when the alarm goes off for work. The heating’s on more than before. Yes, winter is coming!!

If you are considering moving home then invariably it will mean having to sell in winter. It’s not the end of the world but it can be slightly more difficult making a house as attractive over the winter months.

Sell in winter

When aiming to sell in winter try and create the exact opposite of winter feelings inside your home.

It may seem obvious but even having the heating on throughout the home before a viewer arrives will help create a cosier impression.

If you are going to re-decorate, remember that white is a cold feeling colour and it will create a colder vibe. Off whites, warmer colours will help create a warmer feeling in the house.sell in winter

Take care of any DIY issues if you want to sell in winter, for example any leaks or drafts from doors, windows or roofs should all be attended to. There’s no worse impression than that of a home that isn’t weatherproof. It may be obvious, but smaller issues may not put off potential buyers in the summer months – but if you are focussed to sell in winter allowing a budget to cover these areas will help.

Lighting can really help you in the winter months. A well lit room can appear larger, cosier and more inviting. Be careful not to “overlight” as this will have the opposite effect.

Something else to bare in mind is to keep your hallway clear and uncluttered. If the kids have kicked off their wellies, ripped off their winter jackets, hats and scarves – make sure to have them all neatly away from your entrance before a viewing. To sell in winter you want your home to avoid all possible instant “no’s” that you have control over.

Sell in winter quickly and hassle free!!

If you would like to sell your property without fuss, get in touch with us today by filling out our online forms and we will contact you as soon as possible.



How to sell your home

How to sell your home faster

When potential buyers step through your door, they’re going to look at more than just the walls and floors, a new home is a new life so encourage that train of thought!! Think of how to sell your home as well as a lifestyle.

  • Clear of all the excess stuff that has built up over the years. It takes up space and looks like you don’t have space for possessions.
  • Buyers need to be able to imagine  what the property would look like if they were living there. People can struggle with this, so make it as easy for them as you can. This is a basic strategy in how to sell your home.
  • Don’t make it look like a bland generic hotel; leave a little personality.
  • People are often buying into a lifestyle as much as bricks and mortar. Show them the attractive side of your lifestyle.
  • Smaller furniture will make rooms seem more spacious and appealing.

How to sell your home – Paint

  • Giving your walls a fresh lick of neutral paint will make your home seem lighter and bigger
  • It will help the viewers imagine how they would see the rooms with their needs.
  • It’s easier to move into and start a new life immediately without redecorating.
  • Create a good first impression – your front door should be freshly painted.

how to sell your home

How to sell your home – Fix and clean

  • Make any minor repairs necessary – holes in walls, broken door knobs, cracked tiles, torn or threadbare carpets. Many buyers want to move in without making changes. This is time-consuming and will cost a few £ but if you are looking for best ways on how to sell your home, this is a must.
  • Do your best to clean everything until it sparkles.
  • Tidy up the garden: cut bushes back, clean the patio and furniture of lichen and dirt, and cut the grass. It won’t add value but may help sell quicker as it’s less work to imagine for the new owner.

How to sell your house – Update the kitchen

  • The kitchen is the most valuable room in a house. It is worth the most per square foot and can make the difference when buyers are unsure


  • Consider refacing your kitchen cabinetry. This is much cheaper than installing new cabinetry and often as effective


  • Upgrading kitchen counter tops is expensive, but can add serious value


  • Declutter the surfaces and just leave a bowl of fruit out. Take out any bulky appliances


  • Consider upgrading the plumbing fixtures and white goods, but keep in mind that while that could make your property sell faster, you will be unlikely to recoup their full value
Light and airy
  • Wall mirrors make a room look much bigger and lighter. Consider putting some up, especially in smaller rooms or hallways


  • Clean windows inside and out, and replace any broken light bulbs. Making the place feel light and airy makes rooms feel bigger and the property more attractive


  • Ensure that you have lamps on in any dark corners


  • Putting a soft lamp in the bathroom can create a warm glow

Just a few tips on how to sell your home.


If you would like to sell your home fast and hassle free – please fill out our online form and we will be in touch as soon as possible to help.

Estate Agents

Estate Agents

The topic of estate agents crops up frequently, and everyone has varying opinions on them. Some are harsh and some favour them – usually all down to past experience.

With the “online estate agency” industry growing and becoming more standard, I understand why more and more sellers question why they would still sell with traditional estate agents.


Estate Agents – Do they deserve their commission?

Again this is something that could be debated all day long. Some sellers may feel that an estate agent receiving a commission of generally between 1-2% of your sale price is too hefty where as others may feel this a deserved amount.

To be honest, there’s no right or wrong answer – some estate agents may work incredibly hard for their money, some may not, so make sure and do your research before choosing an estate agent if at all.

estate agents

If I sell to Property Buyer Scotland vs using an Estate Agent?

When selling your home there are various points of importance to consider.

Firstly – you NEED an offer to sell your home. Without an offer, nothing happens. We can provide a speedy offer to you. So you are GUARANTEED to sell your home.

Secondly – generally we will be able to buy your property much quicker than a standard buyer.

Thirdly – we pay your legal fees – so selling your home to Property Buyer Scotland won’t cost you anything.

When you compare the above to the process of going through an estate agent you see the time and money that you can save – Fill out the form on our homepage today to let us help you move on.


Please visit Property Buyer Scotland today and fill out our form with as much information as you can. We will reply as soon as possible to your enquiry.




When we receive enquiries by keen sellers we often come across the question of feasibility of selling at auctions. So we thought we’d put together a basic run through of what to expect from property auctions.

In many property auctions you will find what’s called the “Buyer’s Premium”.  Which is an cost added to the price the auctioneer sells the property for. It is vitally important you know how much this fee  actually is. It is usually a fixed amount which is then added to the price the property. Some auctions may charge a percentage rather than fixed fee – again make sure you know.



If you are thinking of selling your property at auctions you must pay close attention to the amount the auction house charges as a buyer’s premium. Auctions will by law ,disclose their buyer’s premium in their property catalogue and in their terms of business. In contrast some auction houses do not operate with a buyers premium and instead will make their margin on sellers fees – in which case you need to know this to work out what you will net from your sale.

Are there bargains to be had?

Of course sometimes you can grab a bargain, but you must do your homework first. Many properties at auctions have failed to sell on the open market and are there for a reason. Some properties will be unmortgageable, for example, non-standard construction properties where very few lenders if any will lend on these type of properties. You must make sure you have your finance in place before you bid or you risk losing your deposit.

Be careful with properties that might be subject to adverse planning in the area or where the property has serious defects like dampness, subsidences, Japanese Knotweed or contamination issues. Also check the neighbourhood, particularly close neighbours. Properties offering high yields can be very misleading as there is no guarantee tenants will continue to stay on in the property.



Now that you know how the buyer’s premium works for both buyers and sellers at auctions, go and enjoy your auction experience, but remember to take your time and don’t be tempted to buy a property until you have completed all your due diligence. Properties that are secured at a bargain are normally at a bargain for a reason but you may see an opportunity in a property no-one else has spotted.



UK house sales fallen

UK house sales fallen

Lloyds Bank have reported UK house sales have fallen to around 66% of where they were a year ago in some parts of the country – with heavy tax bills and rocketing prices making buying a house tougher than before.

UK house sales fallen…

“The recovery in the housing market has stumbled during the past year with sales declining in all regions,” said Andy Mason of Lloyds Bank. “Despite record low interest rates and government schemes, such as Help to Buy, sales remain significantly below the levels seen at the height of the last housing boom.”

So if you are looking to sell your home what does this mean?

First of all, it’s not to say that your home won’t sell. But, and it could be a big but, it may take far longer than it would of if you were selling a year ago. It may mean you have to present it in even better condition, refresh or replace a kitchen, bathrooms or that tired looking conservatory you’ve never got round to fixing up.

UK house sales fallenAt Property Buyer Scotland we are always on the look out for available property. We are in a position to act fast, minimise stress on your part and allow you to sell your property in a speedy manner.

UK house sales fallen

We are happy to buy distressed or unloved property that needs some time and finance invested in it to put it right. Don’t be put off contacting us because you’re house isn’t 100% – a wee secret – not many of our’s are!!!

UK house sales fallen – the knock on effect

The decline in transaction activity has knock-on effects in other parts of the economy, stretching from income for estate agents and conveyancing solicitors through to sales of furniture and electrical stores which tend to benefit when people move home and buy new goods.


UK house sales fallen

If you are thinking of selling your property and you need an answer quickly – get in touch with us either through filling out our online form – or call us on 0800 033 7679. We’d love to be able to help you move on with assurance and alleviate the stress involved when waiting to sell.



Interest only mortgage vs Repayment mortgage

Interest only mortgage vs Repayment mortgage


Taking out a mortgage is arguably one of the biggest and most important decisions you’ll make in your whole life. If you’re new to it there’s a whole load of terms and abbreviations that you’ll need to get to grips with. However one of the most straight forward decisions you will need to make is whether to take an interest only mortgage vs repayment mortgage.

Interest only mortgages have become far harder to get hold of in recent years, as lenders and view them as riskier than repayment mortgages. Some lenders have withdrawn from offering interest-only mortgages except for buy-to-let mortgages, while others will offer them BUT will ask for a large deposit or equity, often 50% or more – which is often completely unrealistic or unachievable.


Interest only mortgage vs Repayment mortgage

Interest only mortgage vs Repayment mortgage

So what’s the actual difference??

Interest only as the name suggests – means you only pay off the interest on the loan.

When you take out an interest-only mortgage, you are supposed to also make a monthly payment into an Individual Savings Account or another investment. The idea is that the investment will then generate sufficient returns to pay off the capital sum you still owe at the end of the mortgage term.

There is no guarantee of this, so any interest-only mortgage carries an element of risk.

Interest only mortgages are significantly cheaper month to month than a repayment mortgage and that is why many opt for them. The thought of ‘having to deal with a financial problem 25 years down the line” is often swept under the carpet as long as it allows the purchaser to buy their property.

Repayment mortgages encompass both the interest part of the mortgage and actually paying off your property. If you keep up all the repayments on your mortgage, you are guaranteed to have paid off the mortgage at the end of the term. Obviously taking out a repayment mortgage will mean you are paying more each month and affects your disposable income.

Interest only mortgage vs Repayment mortgage

So what should you choose??

We can’t answer that for you. Many factors come into play when choosing your mortgage.

Whether you choose interest only or repayment you still must choose how long you are committing to that agreement, are you fixing a rate for a period because you are happy with it now, or gambling on  a tracker staying low – these calls will differ from person to person.


Interest only mortgage vs Repayment mortgage

Spend time researching what options are open to you and what your plan is over the next 5-10 years as making the wrong call on your mortgage could set you back financially and ultimately waste your time. Talk to your bank and also arrange a consultation with an independent broker to cover as many options as you can.

Need to sell quick

Need to sell quick

For whatever reason, you would like to sell a property quickly it’s worth baring a few important points in mind.

If you need to sell quick – is going down the estate agent route the correct option for you?

At we can buy your property quickly and with no hassle, no time consuming viewings and no commission to pay to an estate agent.

need to sell quick

We can buy your property quickly and hassle free!

Need to sell quick

There are a million reasons why you may need to sell quick, at Property Buyer Scotland we are compassionate and try to be as helpful as we can – we will hold your hand through the whole process from start to finish.




I need to sell quick” – what is the process?

We would do some research in to what we will offer you for your property. We are the direct buyers, not middle men which allows us to act much faster than many other companies who are merely trying to match you with an investor.

We would have your property surveyed (the offer does not depend on this)

We can arrange a solicitor for you or you can use your own – we would pay your legal fees, so that selling your property doesn’t cost you a penny.

Once you have accepted our offer then it is down to the solicitors to do their work on both sides and when all is in order the sale funds are deposited in your account.

It seems easy and pain free doesn’t it – because it is!!!


If you need to sell quick, you don’t want endless viewings that go nowhere, having to keep your home spotless, or maybe you just don’t want to pay anything to sell up – then why not call us today and see what we can do for you – or fill in our form at



What is a Home Report?

What is a Home Report?

So you’ve decided it’s time to sell your home and put it on the market. You will have to provide a Home Report for potential buyers to view. So what is a Home Report?

A Home Report is a pack put together simply to help a buyer find out more information on a property and it is essential that you have one. The Royal Institution of Chartered Surveyors (RICS) in Scotland has confirmed that Home Reports will cost between £585 and £820. The cost will depend on the size of your home and the surveyor you decide to use.

We would cover the costs of your Home Report and Legal Fees when buying your property.


What is a Home Report?

The Home Report contains a single survey, an energy report and a property questionnaire.


Single Survey:

The Single Survey gives sellers detailed information about the condition and value of a property. It also gives buyers better information about the condition and value of a home to aid them in making an offer to purchase.

The Single Survey includes an accessibility audit. Scotland is the first country to require that the accessible features of every home for sale are highlighted to potential buyers. This information will benefit parents with young children and older people, as well as disabled people.

What is a home report?

Energy Report:

The Energy Report gives a home’s energy efficiency rating and its environmental impact in terms of carbon dioxide emissions. It recommends ways to improve the building’s energy efficiency and save fuel costs.

Insulation, windows and boiler efficiency are all important to the Energy Report.

Property Questionnaire:

The Property Questionnaire contains general information for home buyers.

It would include, for example: a home’s council tax band, parking facilities, factoring arrangements, any local authority notices that affect it and alterations that have been made to the home.The Property Questionnaire should also reduce the risk of delay and difficulties in conveyancing.


What is a Home Report?

Although helpful to prospective buyers a Home Report is a significant cost to pay. When we buy property we bare that cost as well as your legal fees – saving you a considerable outlay compared to selling through an Estate Agent.

Feel free to contact us for a chat about how we can purchase property quickly and hassle free.

Interior Design Tips

Interior Design Tips

Sometimes it’s the small things that make a big impact on how your homes looks and feels. Overlooking simple additions or sometimes taking more out is all too common – and yes, it’s often easier said than done.

Interior Design Tips

Generally speaking, a kitchen is the activity hub of your home. Whether it’s the rush to feed the kids before football training or drama class, or if you like to spend some “me” time after your day at work cooking a nice dinner, a kitchen can be transformed from an eyesore to an organised activity centre.

  1. Make use of your cupboards. Yes, it sounds obvious but are you really making best use of cupboard space with items you frequently use? Could you maybe keep certain pots or pans that rarely see the light of day elsewhere?
  2. Have as little on display as you can – especially if you are anticipating viewers for a potential sale. Your kitchen habits likely vary from everyone else so best to keep as much as possible off the worktops and packed away instead.
  3. Use a closing bin. I know this sounds so basic but you would be amazed at how many homes operate with a tesco bag hung over a door handle. A closing bin helps eliminate last nights dinner odour which again if you are holding viewings, you definitely don’t want.
  4. Keeping surfaces clear and clean let a potential buyer see the true possibilities of your kitchen.

interior design tipsInterior Design Tips

5. Some colour is great. Too much is a huge put off.

A splash of colour here and there to accent a feature wall, or furniture is ideal – but taking it too far is more than likely going to have the opposite effect of what you’re hoping for.

Your potential buyer may have very different taste from you so don’t fall at the first hurdle by having a rainbow of colours throughout your home.

6. Carpets… Hire a carpet cleaner from your local home store. Bringing your carpets up to scratch will have a dramatic improvement in the overall look and feel of your home – the fresh shampoo smell is also a bonus!!

7. One room which can always make or break a sale is the bathroom. Having striking tiling and clean grouting can lift any bathroom to a new standard. Tiles don’t have to be expensive to have the wow factor. Think of using a feature tile as a band or mosaic to break up a wall or centre a fixture. Touches like this can make a huge difference and may well be worth the investment of a few hundred pounds.

8. In general if a bathroom suite is any colour other than white it will look outdated – replacing can be a cost effective improvement and one of the best interior design tips we could give

Interior Design Tips

9. When it comes to bedrooms, try to show them as that. A place to rest and recharge your batteries. Not a store room for toys, gym equipment etc. Keeping the feel of a bedroom to be relaxing, warm and inviting should be your aim. Clutter or possessions again should be kept to an absolute minimum to show potential buyers what you have.

10. Ok – maybe doesn’t fall under interior design tips but utilising any outdoor space is key. Try and make use of garages or sheds.  A buyer is much less likely to be put off by a messy or full garage as they are a cluttered house.