The Real Cost of Buying a First Home in Craignure
A first purchase at the £240,000 Craignure average needs about £28,600 in cash, made up of £24,000 deposit, £1,300 LBTT with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to.
A first purchase at the £240,000 Craignure average needs about £28,600 in cash, made up of £24,000 deposit, £1,300 LBTT with first time buyer relief, and roughly £3,300 in fees.
Every pound you need before completion in Craignure
On the local average the deposit is £24,000, LBTT is £1,300 and fees are near £3,300. Total cash needed is about £28,600.
First time buyer relief raises the LBTT nil rate band to £175,000, saving you £600 against the standard charge of £1,900 at this price. LBTT rates are set by the Scottish Government and collected by Revenue Scotland. Confirm the current position on revenue.scot before you complete.
In Scotland first time buyer relief raises the LBTT nil rate band to £175,000, worth up to £600. There is no upper price limit on the relief.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Craignure.
What you can borrow against local incomes
Running costs from week one
Band D council tax in Argyll and Bute is £1,783 a year, which is £149 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
The Craignure detail first buyers ask about
The schools families ask about here are Craignure Primary School, Tobermory High School (island secondary), Salen Primary School and Bunessan Primary School. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Craignure to Oban (CalMac ferry) takes about ~45 min crossing.
By price, Craignure ranks 2 of the 9 Argyll and Bute locations we cover, at £240,000 against a county average of £191,111. Band D council tax here is £1,783, against £1,783 across the county.
What your money buys in Craignure
Craignure is the main ferry gateway to the Isle of Mull, on the Sound of Mull, a scenic island settlement, ferry-dependent, with a limited, holiday-home-influenced market.
The full local guide covers schools, transport and the market in detail: Craignure property and area guide.
| Budget | What it buys here |
|---|---|
| Around £120,000 to £180,000 | A flat or smaller island home, the most accessible way in on Mull, popular with first-time buyers, island workers and downsizers. |
| Around £180,000 to £320,000 | A cottage, a bungalow or a family home in Craignure or the island villages, the heart of the Mull market, popular with island families, retirees and lifestyle and second-home buyers. |
| £320,000 and above | A detached home, a substantial or shore-front house or a rural island home with land, the top of the island market, where Mull's grandest and most sought-after properties are found. |
- The gateway to a world-class island, scenery, wildlife and community
- Duart Castle, the Sound of Mull and the whole island on the doorstep
- A safe, close-knit island community
- A simple Scottish council-tax bill, no police, fire or community precept, identical across Mull
- Extraordinary wildlife, walking and access to Iona and Staffa
- Total ferry-dependence, the CalMac Oban crossing is weather-affected and has documented reliability issues
- No full A&E anywhere on Mull, serious cases mean a ferry crossing or air ambulance to Oban or Glasgow
- Long single-track island roads and slow journeys across Mull
- Scottish Water is a separate charge (~£652 at Band D), and a second-home premium applies, high on Mull
- Limited, firmer island stock, higher island costs, and a real holiday-home and second-home market
Craignure is known locally for The gateway to the Isle of Mull, and Duart Castle. Craignure is the island's principal ferry terminal, where the Oban ferry docks across the Sound of Mull, the front door through which most people and goods reach one of Scotland's most beautiful islands.
Practical detail for Craignure: the PA65 postcode district and nearest A and E is No full A&E on Mull; the Mull and Iona Community Hospital at Craignure has community and urgent care, serious cases go to Oban or Glasgow by ferry or air ambulance.
Craignure at a glance
| Upfront cost | Craignure figure |
|---|---|
| Average price | £240,000 |
| Deposit at 10% | £24,000 |
| LBTT, first time buyer | £1,300 |
| LBTT, standard rate | £1,900 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £28,600 |
| Monthly repayment illustration | £1,263 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Craignure
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £28,600, not just the deposit
- Your LBTT position confirmed on revenue.scot
- A first year running cost budget including £1,783 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to.
Check broadband before you make an offer in Craignure
Broadband speeds can vary street by street in Craignure, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Craignure?
Do first time buyers pay LBTT in Craignure?
What is the biggest hidden cost?
How do I check broadband speed at a property in Craignure?
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