The ESPC Property Show

Join Paul and Megan for the season finale of the ESPC Property Show, recorded from the luxurious Old Course Hotel in St Andrews. They are joined by Lynsey Dammer and Douglas Kinnear from Thornton's estate agents to delve into the unique charm of the St Andrews property market.
Discover why this historic town, known for its university and golf, remains a top choice for home buyers and investors. From property types in high demand to the impact of student housing regulations and the booming international market, this episode offers valuable insights for anyone considering a move to St Andrews.

Got a question for us? Send us a text message!

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw

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.

On this week's episode Paul & Megan chat to Alistair Ewing (Managing Director at The Lending Channel) about bridging finance.
What is bridging finance? It's a form of borrowing that allows property buyers to fund their purchase while they put their current home on the market.
Skip to the part that's relevant to you:
0:00-1:48 Intro
1:48-2:45 What is a bridging loan?
2:45-3:26 Why are they less common now?
3:26-4:16 Are bridging loans expensive?
4:16-5:06 What's the average term for a bridging loan?
5:06-6:30 Interest rate and duration implications
6:30-7:43 Risks involved in using bridging finance
7:43-9:14 What happens to the loan if you sell before the end of the term?
9:14-10:47 Using bridging finance to improve buying situation
10:47-12:44 Scenarios when bridging finance could be used
12:44-14:30 Why do lenders need an additional survey?
14:30-16:40 How does the application process differ from a standard mortgage?
16:40-20:15 Common concerns around bridging finance

Got a question for us? Send us a text message!

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw

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.

This week Megan & Paul are joined by tax specialist, Alison Pryde from Anderson Strathern. After the recent increase of the Additional Dwelling Supplement tax in Scotland from 4-6% in December, we decided it would be good to chat through the effects of this on landlords.
We also discuss Land and Building Transaction Tax, Capital Gains Tax and whether or not to set up as a limited company before becoming a landlords.
It's a great listen and full of useful information for those thinking about investing in a buy-to-let.
If you'd like to get in touch with Alison, you can head to their website here.

Got a question for us? Send us a text message!

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw

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.

On this week's episode Paul & Megan do a deep dive on mortgages with two of the ESPC Mortgages team: Paul Demarco & David Lauder, who have been Mortgage Advisors at ESPC Mortgages for 17 years.
We try our best to cover as many mortgage topics as we could in one episode including affordability checks, remortgaging, porting your mortgage as well as advice for first-time buyers.
Key points we discussed:
➡ Intro to Paul & David (01:11)
➡ What is a mortgage advisor? (01:59)
➡ Advice for first-time buyers (03:20)
➡ How do you check affordability? (05:50)
➡ How much deposit is required? (07:19)
➡ LIFT government scheme (08:43)
➡ How much can you borrow? (10:35)
➡ Remortgaging (12:59)
➡ Porting your mortgage (15:42)
➡ Overpayments (18:50)
➡ How long should your mortgage term be? (21:56)
➡ 2, 5 or 10 year fixed rates? (24:19)
➡ What are your hopes for the mortgage market in 2023? (27:37)
➡ Our final three questions! (29:37)
If you've got any questions for the team at ESPC Mortgages, you can get in touch at [email protected]
If you're preparing to buy your first home, we can help! You can sign up to our first-time buyer event on 30th March here. Come along and find out more about the current market and get one-to-one advice from some of our ESPC solicitor estate agent member firms and the ESPC Mortgages team.
The information contained in this podcast is provided in good faith. Whilst every care has been taken in the preparation of the information, no responsibility is accepted for any errors which, despite our precautions, it may contain.

The initial consultation with an adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice are usually £350 (£295 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.

ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the Financial Conduct Authority.

Got a question for us? Send us a text message!

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw

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 episode of the ESPC property show, Andy Maciver, a seasoned political analyst, joins hosts Megan and Paul to dissect the intricacies of housing policy and its relationship with the evolving political landscape in Scotland. From the impact of ideological beliefs on property ownership to the imperative of addressing housing supply shortages, the conversation navigates through key issues shaping the housing sector.
With insights drawn from Andy's extensive political experience, the episode offers valuable perspectives on the challenges and opportunities facing policymakers and stakeholders in the housing market.

Got a question for us? Send us a text message!

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw

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.