Key Facts
| Company name | My Local Property Buyer |
|---|---|
| Also trading as | My Local Property Buyer; My Local Property Buyer Scotland |
| Companies House no. | SC672876 |
| Incorporated | 2 September 2020 |
| Year founded | Unknown |
| Corporate structure | Standalone private limited company |
| SIC code | 68100 |
| Operating model | Direct cash buyer (mixed internal/external funding) |
| Geographic coverage | UK-wide |
| Typical offer | Website suggests offers up to approximately 85% of market value (implying c.15%+ discount); individual outcomes vary |
| Typical timeline | Website states as little as 7–14 days; reviews commonly indicate 2–4 weeks |
| Legal fees | Unknown |
| TPO member | Yes |
| NAPB member | Yes |
| Official website | mylocalpropertybuyer.co.uk |
PSW Company Index
Three independent measures, built from verifiable data rather than the company's marketing: how its offer compares with the cash-buyer sector, how quickly it completes, and how openly it operates. Every input is shown so you can check the working.
Transparency signals
Good-practice signals
- Member of The Property Ombudsman (TPO)
- Member of the NAPB
- Complaints procedure published
- Typical offer level disclosed
- Data protection / privacy in place
- Independent redress / ombudsman route
- Legal fees policy stated
Contract red flags
- Conditional or hidden fees noted
- Late price-reduction pattern
- Tie-in / exclusivity required
- Early contract before completion
- Requires use of their solicitors
- Restricts marketing elsewhere
- Exit penalties mentioned
How these are calculated. Offer Fairness ranks the company's stated offer (as a % of market value) within the cash-buyer sector — all cash offers are below open-market value. Completion Speed is the fastest completion the company advertises, shown as a fact, not a score, because most firms advertise a similar best case; confirm any timescale in writing. Transparency adds points for TPO/NAPB membership, a published complaints procedure, a disclosed offer level, data-protection registration, an independent redress route and a stated legal-fees policy, and deducts for contract red flags; only publicly verifiable signals score. Full methodology.
Company Overview
Publicly available information, including company accounts, review data and website material, suggests that My Local Property Buyer operates as a hybrid property buying business. The company appears to purchase some properties directly, supported by evidence of property assets and work-in-progress stock recorded on its balance sheet. At the same time, review evidence indicates that in some cases the business may introduce or source a third-party buyer or alternative sale route, such as auction. This suggests a flexible operating model where transactions may be structured differently depending on the property and seller circumstances. The company presents itself as a cash buyer capable of completing quickly, and review patterns frequently describe fast and straightforward sales. However, the presence of secured borrowing and external funding arrangements suggests that purchases may not rely solely on internal cash reserves. Sellers may therefore be dealing either with a direct purchase by the company or a facilitated sale involving another buyer, depending on the specific transaction.
Products, Services & Process
Property types accepted
Residential — any condition
- Contact the company by phone or online form to provide property details.
- Receive a no-obligation indicative cash offer, typically within 24 hours.
- If the offer is of interest, a formal valuation is carried out.
- A formal offer is made. If accepted, solicitors are instructed.
- Choose a completion date to suit your circumstances.
- Contracts exchanged and funds transferred on the agreed date.
Fees & Pricing
Website material suggests that pricing is based on a combination of local market knowledge and survey input, with offers typically positioned below full open-market value in exchange for speed and certainty. Review evidence supports this, with some sellers describing offers as slightly below market value but acceptable given the convenience, while others report outcomes that compared favourably with alternative quick-sale providers. We have not identified a clear pattern in the available review data of late-stage price reductions or repeated renegotiation, although the dataset is strongly positive and may not reflect all outcomes. The structure of the business, including its use of external funding and flexible transaction routes, may mean that pricing is influenced by factors such as resale potential, condition, and funding considerations. Sellers may wish to clarify how the offer is calculated, what assumptions are being made about resale, and whether the price can change following survey or legal checks.
What Offer to Expect
Cash-buying companies pay below the open market in exchange for speed and certainty. The benchmarks below are worked on the current UK average house price of £270,080 (HM Land Registry / ONS UK House Price Index, June 2026). Your own figure depends on your property's value and condition.
On the UK-average £270,080 home, My Local Property Buyer's stated offer works out at roughly £230,000–£230,000, versus £203,000–£230,000 for the typical cash buyer. Open-market figure is before agent and legal fees. Source: HM Land Registry / ONS UK House Price Index, June 2026.
| Route | Typical proceeds | On a £270,080 home | Typical speed | Sale falls through? |
|---|---|---|---|---|
| My Local Property Buyer (this company) | up to 85% of market value | £230,000–£230,000 | 7–28 days | Very low |
| Typical cash buyer | 75–85% of market value | £203,000–£230,000 | 7–28 days | Very low |
| Open-market sale (estate agent) | Close to full market value, minus agent & legal fees | ~£270,080 less fees | about 5–6 months (≈25 weeks) | roughly 25–35% (about 1 in 3) |
Offers can fall below 70% for properties needing significant work.
Benchmarks: HM Land Registry / ONS UK House Price Index; Rightmove; Zoopla; Propertymark; TwentyCi. The cash-offer range reflects independent consumer guidance, not figures supplied by cash-buying companies. Illustrative only — verified June 2026.
Cash Sale vs Estate Agent vs Auction
How the three main ways to sell a home compare on the factors that matter most to sellers.
My Local Property Buyer's figure is its advertised fastest completion — confirm any timescale in writing. Approximate time from agreement (or listing, for the open market) to completion. Sources: Rightmove; Zoopla; Propertymark; TwentyCi.
| Factor | Cash-buying company | Estate agent (open market) | Auction |
|---|---|---|---|
| Typical proceeds | 75–85% of market value | Close to full market value (minus fees) | Variable — reserve plus hammer price |
| Typical timeline | 7–28 days | about 5–6 months (≈25 weeks) | ~6–10 weeks (incl. 28-day completion) |
| Sale falls through? | Very low | roughly 25–35% (about 1 in 3) | around 15% |
| Fees to you | Usually none — buyer covers legal costs | Agent commission (~1–2%+VAT), legal, EPC | Auction/entry fees, legal pack |
| Effort required | Minimal | Viewings, staging, chain management | Legal pack, viewings, reserve setting |
Sources: Propertymark; TwentyCi (fall-through); Rightmove; Zoopla (timelines); HM Land Registry / ONS UK House Price Index (prices). Verified June 2026.
Funding & Completion Stability
Publicly available accounts and charge data indicate that the company operates an active property acquisition model supported by external borrowing alongside internal funds. The balance sheet shows tangible assets of £414,366, stock of £177,636 described as work in progress, cash at bank of £120,681, and non-current borrowings of £418,955 in the latest filed accounts. Net assets are relatively modest at £18,651. This is consistent with a leveraged property trading model rather than a business relying only on unencumbered internal cash. Review evidence suggests that transactions can complete quickly in many cases, which may indicate access to responsive funding and established transaction processes. However, the accounts also suggest that continued activity may depend on ongoing lender support and the recycling of capital between deals. This may mean completion certainty varies by transaction structure and funding availability at the time a deal is agreed. Sellers may wish to clarify how their specific purchase will be funded, whether funds are already in place, and at what stage funding becomes fully committed.
Reviews & Reputation
Review patterns across Google and Trustpilot are consistently positive in the available data. Many reviewers describe a fast and straightforward process, often completing within one to four weeks. Communication is a recurring theme, with staff frequently praised for responsiveness and clarity. Most reviews describe a direct purchase experience, although some indicate the company may source a buyer or use an alternative route such as auction in certain cases. Pricing is generally described as fair, with occasional references to offers below market value. No clear pattern of late-stage price reductions appears in the available reviews, although the dataset is strongly one-sided and may not capture less successful transactions.
- Speed of sale and fast initial response
- Professional and helpful staff
- No fees or hassle compared to traditional sale
What reviewers praise
- Offer below market value
- Limited review evidence
- Uncertainty over completion timeline
Common complaints
Complaints & Common Issues
Publicly available website material focuses primarily on the sales process rather than detailed contractual terms. We have not identified clear published evidence of option agreements, assignment clauses, novation provisions, exclusivity periods or exit penalties. Review evidence suggests that many sellers experience a straightforward transaction, but reviews do not provide detail on the underlying legal structure. There are also indications from reviews that not all transactions follow the same route, with some sellers describing a direct purchase and others describing the company finding a buyer or facilitating a sale through alternative methods. This may mean that contractual control and certainty vary depending on the structure used in each case. Sellers may wish to clarify who the legal buyer will be, whether the agreement allows the company to introduce another purchaser, whether there are any restrictions on marketing elsewhere, and whether there are any costs or obligations if the transaction does not proceed.
Customer Support
| Phone | Not published — see official website |
|---|---|
| Not published — contact via website form | |
| Response time | Within 24 hours |
Regulatory & Compliance
Company History & Timeline
- UnknownIncorporated: 2 September 2020
Ownership & Leadership
| Current directors | Mr David Stewart; Mr John Patrick McConachie |
|---|---|
| Registered address | 159 King Street, Rutherglen, Glasgow, Scotland, G73 1BZ |
My Local Property Buyer vs Alternatives
How My Local Property Buyer compares with other independently profiled cash buyers on the terms sellers ask about most. Figures are drawn from each company's own Property Sale Watchdog profile and reflect the same assessment methodology.
| Factor | My Local Property Buyer (this profile) | The Property Buying Company | Open Property Group | We Buy Any Home |
|---|---|---|---|---|
| Typical offer | Website suggests offers up to approximately 85% of market value (implying c.15%+ discoun… | Typically 15%–35%+ below market (based on reviews) | Below market / variable. Review evidence includes sellers who explicitly accepted a lowe… | Commonly marketed as up to c.80–85% of market value; review evidence suggests some outco… |
| Typical timeline | Website states as little as 7–14 days; reviews commonly indicate 2–4 weeks | Advertised fast (7–28 days); reviews suggest often longer or variable | Marketed as within 7 days, sometimes 24 hours or 6 weeks; review evidence ranges from un… | Headline claim: around 7 days or less / in a timeframe that suits the seller; review evi… |
| Legal fees | Unknown | Free | Free | Seller pays own |
| TPO member | Yes | Yes | Yes | Yes |
| NAPB member | Yes | Yes | Yes | Yes |
| PSW risk rating | Low Risk | Medium Risk | Medium Risk | High Risk |
All comparison companies are independently profiled on Property Sale Watchdog. Compare key terms, memberships and risk ratings before committing to any single buyer.
View The Property Buying Company profile → View Open Property Group profile → View We Buy Any Home profile →
Pros & Cons
Pros
- Fast completion possible — 7–14 days stated
- No estate agent fees
- Member of both The Property Ombudsman (TPO) and the NAPB
- Buys properties in any condition
Cons
- Website suggests offers up to approximately 85% of market value (implying c.15%+ discount); individual outcomes vary
- Price reduction risk cannot be ruled out
- Funding model requires independent verification
- Limited published completion rate data
Frequently Asked Questions
My Local Property Buyer is registered at Companies House (number SC672876). TPO status: Yes. NAPB status: Yes. Sellers should verify proof of funds and the contracting entity before proceeding.
My Local Property Buyer offers Website suggests offers up to approximately 85% of market value (implying c.15%+ discount); individual outcomes vary based on publicly available information. This reflects the trade-off for speed, certainty, and no selling fees. The actual figure will depend on property condition, location, and market conditions at the time of valuation.
Based on publicly available information, My Local Property Buyer states typical completion is Website states as little as 7–14 days; reviews commonly indicate 2–4 weeks. Actual timelines may vary depending on property type, legal complexity, and the route used.
My Local Property Buyer TPO membership: Yes. NAPB membership: Yes. Both organisations require members to follow a code of practice and provide sellers with an independent redress route. Sellers should verify membership status directly with the relevant bodies.
Based on available information, My Local Property Buyer’s legal fee policy is: Unknown. Sellers should confirm this directly with the company and check whether any conditions apply to legal fee coverage.
The late price reduction pattern for My Local Property Buyer is recorded as: None observed. Sellers should ask the company to confirm the formal offer in writing, clarify what conditions could cause the price to change, and at what stage the offer becomes legally binding.
My Local Property Buyer primarily buys residential properties in any condition across the UK. The company states it will consider properties regardless of condition. Sellers with unusual or commercial properties should confirm eligibility directly with the company.
Sellers who require full clarity and certainty around buyer identity, funding source and contractual structure from the outset may wish to proceed carefully. The available evidence suggests that transactions may be structured in different ways, including both direct purchases and facilitated sales, which could affect control and certainty. The company’s financial structure indicates reliance on ex…
Who This Suits & Who Should Be Cautious
May suit sellers who…
This structure may suit sellers who prioritise speed, simplicity and a managed process over achieving full open-market value. It may be particularly relevant for inherited properties, homes that have struggled to sell, landlords exiting rental properties, or sellers dealing with time-sensitive situations. The evidence suggests the company can provide a relatively quick route to sale and handle much of the process, which may appeal to those looking to avoid chains, refurbishment or prolonged marketing. It may also suit sellers who are comfortable with a flexible transaction model, where some sales are completed directly and others may involve a third-party buyer. For those who value regular communication and a guided process, the review evidence provides a consistent positive signal.
Be cautious if you…
Sellers who require full clarity and certainty around buyer identity, funding source and contractual structure from the outset may wish to proceed carefully. The available evidence suggests that transactions may be structured in different ways, including both direct purchases and facilitated sales, which could affect control and certainty. The company’s financial structure indicates reliance on external funding alongside internal capital, so sellers who want reassurance about funding availability may wish to confirm how their specific transaction will be financed and when funds are fully secured. Caution may also be appropriate for sellers who need close to full market value, who would be significantly affected by any price change, or who want clear contractual protections regarding exclusivity, withdrawal rights and potential reassignment before proceeding.