Free Mortgage Advice:
Are you actively looking to secure a mortgage or remortgage. Are you looking to save time and money by securing the right mortgage first time around ?
We make it easy to give you the right advice, simply complete the form opposite and one of our mortgage advisors will get in touch to discuss your needs.
The form asks a series of questions to help initially find suitable lenders. This saves time and allows a mortgage advisor to do some groundwork prior to getting in touch with you.
There is no commitment on your part, it’s up to us to find you the best mortgage deal which ticks all your boxes.
Glasgow Mortgage Brokers
FAQ's You May Have Regarding Your Application
The amount you’ll need as a deposit will vary, depending on the value of the property.
You can assume a 10% of the amount borrowed is the average deposit. Assuming the property you are looking at has a value of £200,000, The smallest deposit would be £20,000.
The more you can put down as a deposit, the lower the rate of interest will be.
The reason for this is down the risk to the lender. The higher the deposit, the lower the risk is for the lender. This lower risk means a lower rate of interest on the amount borrowed.
The reason for this is down the risk to the lender. The higher the deposit, the lower the risk is for the lender. This lower risk is rewarded by means of a lower rate of interest on the amount borrowed.
LTV stands for “loan to value” . This is used to calculate how much you will be borrowing against the value of the property.
You may notice some very low rates being available but it is important to note the LTV.
In most cases the lowest rates are reserved for mortgages with a LTV of 60/40. This means a 40% deposit is required to get that rate of interest.
You can now see why it is important to pay attention to the LTV when looking at the interest rates on offer.
Yes, the Scottish government offers help for first time buyers and existing homeowner under the “affordable new build scheme”).
We can help you secure a mortgage to take advantage of the scheme, subject to you meeting the criteria of both the “affordable new build scheme” and the mortgage application itself.
It’s recommended you visit the following site for further information on the scheme and how it works https://www.mygov.scot/help-to-buy/