Expert Mortgage Advice
MORTGAGE ADVICE IN GLASGOW, LANARKSHIRE, AYRSHIRE, EDINBURGH & SURROUNDING AREAS
Mortgages
We can advise you on a large range of mortgage products whether you’re a first-time buyer, seasoned homeowner or a landlord at any stage of experience. You might also be looking to remortgage or take advantage of a Help to Buy scheme. Our experts can help you get the right mortgage to suit your individual needs.
With our wealth of experience, we can overcome any obstacle you may face, including but not limited to being self-employed or having adverse credit on your files.
Looking for a new home? Try our Mortgage Calculator
Our free to use calculator gives you a realistic estimate of your monthly payments.
FIRST TIME BUYER ADVICE IN GLASGOW, LANARKSHIRE, AYRSHIRE, EDINBURGH & SURROUNDING AREAS
First Time Buyers
Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice at the very start. There are many different mortgage products to choose from so it is important to get the solution that best meets your needs.
To help you to make the right decision we have put together our Top Tips for first time buyers:
It is important to be realistic when working out how much you can spend on your new home. Our experts will take you through a budget planner which will help to ensure your mortgage is affordable.
When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV).
For example if you are looking to buy a property valued at £100,000 and have a £5,000 deposit you will be looking to borrow 95% of the property value. Typically the more deposit you have to put down the better the mortgage rates will be.
Why not give our calculator a try?
Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. These should be considered alongside the purchase price, and fees such as conveyancing and stamp duty.
If you can, always try to take an experienced home buyer with you when viewing properties as there may be important details you could be missing out on.
If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
When enquiring to view a property which is being sold on the open market, always ask for the Home Report. This a document completed by a surveyor and will tell you lots about the property, importantly how much it’s worth, the condition and how energy efficient it is.
Remember, a mortgage is a long term commitment and there are lots of different products available, so it is important you get the right solution for you.
Call our experts today to start your first step on the Property Ladder!
ADVICE ON MOVING HOME WITH A MORTGAGE
Moving Home
When thinking of moving there are a number of different things you’ll want to keep in mind, our experts can help compile an exact list however here’s a brief list;
REMORTGAGE ADVICE IN GLASGOW, LANARKSHIRE, AYRSHIRE, EDINBURGH & SURROUNDING AREAS
Remortgaging
Your existing mortgage deal may be coming to an end and your about to move onto the lenders standard variable rate which could result in an increase in your monthly mortgage payments. Being on the lenders standard variable rate will mean your payments are not fixed, which may make it harder to budget month to month.
You may be tempted to stay with your existing lender, however it is important to remember they will only be able to tell you about their mortgage products. There could be a better option for you with another lender potentially saving you money.
Remortgaging before your term ends could potentially save you money by switching to another deal or another lender. There are plenty of reasons why you might want to consider a remortgage, perhaps you want to cover the cost of home improvements or pay off more expensive debts.
We can also help with remortgaging any BTL (Buy to Let) properties.
Our experts will ensure your remortgage goes smoothly.
BUY TO LET MORTGAGE ADVICE IN GLASGOW, LANARKSHIRE, AYRSHIRE, EDINBURGH & SURROUNDING AREAS
Buy to Let Mortgages (BTL)
Whether you’re becoming a landlord for the first time or you’re looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage. A buy to let mortgage is specifically for people who are buying a property to rent out to a tenant(s).
How do buy to let mortgages differ from residential mortgages?
Interest rates are usually higher on buy to let mortgages compared to residential.
Whereas for residential mortgages your deposit could be as little as 5% of the property value you will have to pay at least 25% for a buy to let mortgage.
Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured.
We can help you arrange a bespoke buy to let solution that’s tailored to you.
Call our expert team today to find out more.
The Financial Conduct Authority does not regulate most Buy to Let Mortgages
