First Time Buyer’s Guide to the Tayside Property Market

Thinking about buying your first home in Tayside and are looking for some guidance and insights to the area? At TSPC, we’re here to support you every step of the way and make your first home-buying process as straightforward and stress-free as possible. 

Why choose Tayside? 

When it comes to choosing a place to live, Tayside is an ideal choice for first-time buyers. This dynamic region of Scotland offers an attractive combination of career opportunities, lifestyle benefits, and affordability. Property prices are significantly lower than in Scotland’s larger cities, making it easier to get onto the property ladder without compromising on quality or location. 

Most Affordable Areas for First-Time Buyers 

If you’re taking your first step onto the property ladder in Tayside, you’ll be pleased to know there are several affordable and attractive areas ideal for new buyers. Areas like Brechin, Dundee, and Kirriemuir offer excellent value, with average prices starting from just £149,200. Whether you’re after city convenience, small-town charm, or coastal living in places like Arbroath and Carnoustie, there’s something for every lifestyle. 

Budgeting tips 

Online mortgage calculators don’t always give the full picture, especially for first-time buyers. That’s why we always recommend speaking with an independent mortgage broker. 

TSPC can connect you with a trusted broker who offers a free initial consultation. They’ll take the time to understand your financial situation and help you find a mortgage that’s tailored to your needs. 

When planning your budget, remember to factor in additional costs such as: 

• Solicitor fees 

• Specialist surveys (if required) 

• Land and Buildings Transaction Tax (LBTT) – payable on properties over £175,000 

• Building insurance – required before your mortgage can be released. 

Help available for First-Time Buyers 

Take advantage of the support available. Scotland offers several government-backed schemes under the Low-Cost Initiative for First-Time Buyers (LIFT), including the New Supply Shared Equity (NSSE) scheme and Shared Ownership options. First-time buyers can also benefit from Lifetime ISAs and Land and Buildings Transaction Tax (LBTT) relief. Together, these schemes provide valuable support for first-time buyers in Scotland, making homeownership more accessible 

Choosing a solicitor estate agent or estate agent 

At TSPC, we firmly recommend opting for a solicitor estate agent. Why? Because TSPC solicitor estate agents offer a unique advantage: they’re qualified to manage both the legal and marketing aspects of buying or selling a home in Scotland. By choosing a TSPC member firm, you benefit from a comprehensive, one-stop service that saves you time and effort while maintaining high professional standards. Regulated by the Law Society of Scotland, our agents adhere to strict codes of conduct, ensuring your best interests are always at the forefront. 

Finding a Home 

With your budget in place, you’re ready to begin your property search – and you’re in the right place! TSPC is the leading local property portal for Dundee, Angus, and North East Fife with 69% of local homes listed exclusively on our platform. 

Use our site to browse properties and download instant Home Reports. With unparalleled expertise in the Tayside property market, TSPC also delivers unrivalled, up-to-date information and insights into local trends, giving you the tools and knowledge to make informed decisions. 

Final Tips and Advice 

• Make sure your budget accounts for all costs beyond the deposit. 

• Speak with an independent mortgage broker early in the process for personalised advice. 

• Explore the help available for first-time buyers. 

Looking for some more advice? Join us for our First Time Buyer Event at Malmaison Dundee on Monday, 15th of September 6-8 pm, where both solicitors and mortgage advisors will offer free advice (registration opens 25th August).