Buying a home is one of the most expensive purchases you’re ever likely to make, which is why it’s so important to get good advice when doing so. This is even more true for first time buyers stepping onto the property ladder, as all the rules, options and associated costs are new.
Our experienced mortgage advisors will guide you every step of the way, from initial assessment of what you can afford in terms of overall mortgage and monthly repayments, through choosing a specific product that’s right for you and taking care of the application process. At each stage we’ll make sure you understand what’s happening and what will happen next, using simple jargon free language and answer any questions you may have.
Your Dedicated Advisor will
Calculate how much you can borrow
Find you a suitable lender
Get you a great deal
Advise each step of the way
Take care of the paperwork
Help get you insurance cover
As you’d expect we’ll work with the mortgage lender to get everything assessed as quickly and smoothly as possible, but what you might not expect is that we can also help co-ordinate with solicitors, estate agents, valuers and surveyors. If you don’t already have a firm arranged for these services we can provide no obligation quotes from reputable and competitively priced professionals.
In our experience it’s never too early to speak with a mortgage advisor and start getting some professional advice to plan ahead, so do feel free to get in touch and pick our brains even if you’re just starting to look around.
Call Back Request
0131 516 4050
0333 939 0072
Mobile friendly – included in ‘free minutes’
Standard Office Hours are Mon – Fri 9am – 6pm
Evening and weekend appointments available by arrangement.
How Much Can I Borrow
Lenders assess what they believe you can comfortably afford in terms of payments, then allow for interest rates increasing a little in future years, before translating that into a maximum loan amount.
The main factors are
• Your income, outgoings and any expected changes to these
• Your other credit commitments
• Your credit history
• Your age and employment
• How much deposit you can afford
As different lenders apply different criteria to this calculation its not uncommon to get very different answers from one bank to another.
Please be wary of simple online calculators claiming to indicate how much you could borrow based on just your income.
We can usually give you a view of your likely maximum borrowing over the phone in 5-10 minutes.
Thereafter we look to firm up on that quickly by conducting our mortgage interview and getting an ‘approval in principle’ – this is where a chosen lender tells us what they would lend you following a preliminary application, subject to finding a suitable property and being able to prove any information provided.
An Approval in Principle from a lender (also known as a Decision in Principle) gives you confidence in the price of property you can afford and speeds up the mortgage process once you’ve found the right home. Many estate agents will not remove a property from market until they at least have sight of an approval in principle so as they know you’re a serious buyer.