mortgage broker oldham

Mortgage Advice in Edinburgh

If you’re planning to buy a property in Edinburgh, Scotland, you might consider working with a mortgage broker to help you secure the best possible deal on your home loan. A mortgage broker in Edinburgh can act as an intermediary between you and potential lenders, helping you navigate the complex world of mortgages and find a loan that meets your unique needs and financial situation. With their in-depth knowledge of the local housing market and access to a wide range of mortgage products, a mortgage broker can save you time, money, and stress in the home buying process. In this article, we’ll explore the role of mortgage brokers in Edinburgh and the benefits of working with one to finance your dream home.

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Edinburgh?

We have a large client base in and around Edinburgh, with many of our clients hailing from areas such as Ingliston, Musselburgh, Loanhead, Balerno, Queensferry, Port Seton, Haddington, Livingston, and Linlithgow. These locations are just a few examples of the areas we serve, and we are proud to have established a strong presence in these communities. Our commitment to providing exceptional mortgage broker services has helped us build lasting relationships with our clients in these areas and beyond.

A Few of our Reviews

Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

Efficient Easy to Understand Process..

The first step in the mortgage advice process is for us to have a brief initial chat. You can ring us on free phone 0800 612 3367. We can then have a few minutes of chat to work out whether what you are trying to do is possible. At this stage, only a brief outline of what you are trying to do is covered. If you are at work and cannot make a call you can contact us via email to have a discussion about what you are trying to achieve. At this stage, it may be that what you are trying to do is not possible for example if you have no deposit or not enough income. However, in most cases, we can help and then we will arrange a convenient time to call you to go through things in more detail.
Once we have determined that I can help you then I need to find out hard and soft facts about you so I can begin to formulate solutions. Areas I need will cover basic details like full names and addresses, date of birth, employment status and income. Other areas will include your credit commitments and outgoings. Lastly we will talk about the mortgages you want what deposit you have, what your budget is, what type of interest rate you would prefer. We will also look at what protection solutions you have in place and how whether or not these will be suitable for your new mortgage. We will discuss time scales and when you are looking to move with the solution and then agree a time when I will email the figures to you.
The detailed mortgage figures will enable you to know two things. Firstly that what you are looking to achieve is definitely doable. Secondly, you can look at the figures and work out whether the payments are affordable and thus the idea feasible. Included in the top of the email is a summary of what we discussed and a brief overview of the deposit, loan etc. The middle section details the mortgage figures such as the interest rate, term, monthly payment, fees and charges etc. This information is also attached in the form of a key fact illustration. The bottom of the email lists all the items that would be required in order to proceed with the application such as payslips, passports, and bank statements so you can prepare these for our home visit.
The final step is for me to pop out to see you scan any of the required documents that the lender requires. Typically payslips, bank statements, passports, and address ID will be required. Other information such as the address of the property you are buying, the name of the estate agents you are buying through, the name of a solicitor you want to use etc will need to be gathered. Once this is complete then I will fill in the application form on your behalf and deal with the lender throughout the whole process until the mortgage has been completed.

Types of Mortgages Offered

First Time Buyers

I offer expert advice and house buying guidance for those first time buyers looking to get on the housing ladder. The mortgage process can seem confusing for first time buyers and having someone to explain the complex jargon in easy to understand language can simplify the process. Many first time buyers only have small deposits and therefore shopping around to get the best deal from the whole mortgage market is important. As well as the mortgage itself helping first time buyers take advantage of the various protection policies that are available and helping them choose the right solution for their own situation is important. Ensuring that the lender offered to the first time buyer is the right one and that the applicant fits all the lenders criteria is taken care of by myself.
Meet Our Specialist Mortgage Broker

Equity Release Lifetime Mortgages

Equity Release is a product which allows you to unlock cash from the value of your loan. One of the popular Equity Release Product is a Lifetime Mortgage. Lifetime mortgages are designed for people who want to release equity in their property and use the money to pay off other debts or simply enjoy life without worrying about repaying the mortgage. The main benefit of this type of mortgage is that it can be used as an alternative to paying off debt, such as credit cards or personal loans. The interest on these types of products will typically be lower than standard variable rate mortgages. We now have a dedicated adviser who specialises in equity-release mortgages. If you are age over 55 and need equity release for home improvements, paying off an interest-only mortgage, a gift to family or another reason for equity release then feel free to contact us.
Meet Our Equity Release Broker

Buy to Let Mortgages

Many clients that I see these days either already have buy to lets or are quite keen to get their own first time buy to let mortgages. The high street doesn’t really offer much choice when it comes to buy to let mortgages. Many of the high street lenders have their own specialist lender for buy to lets such as The Mortgage Works or Birmingham Midshires. These lenders are often only available through intermediaries such as mortgage brokers. Many of the buy to let lenders have criteria that is hard for clients to match and thus comparing lots of lenders and knowing each lenders criteria is sometimes the only way a client can get a mortgage agreed.
Meet Our Specialist Mortgage Broker

Remortgages

Many clients I see often just want to remortgage to get a better interest rate. Others want to move the mortgage from interest only to a capital and interest repayment mortgage. Others want to release equity from their homes to do home improvements, give family a deposit, raise funds to buy another property, divorce settlements and a host of other reasons. Again comparing the whole mortgage market’s rates and lending criteria helps my clients get the right mortgage for their unique circumstances.
Meet Our Specialist Mortgage Broker

Check Our Equity Release Mortgages Section

FAQs

What is a mortgage?

A mortgage is a loan that is used to finance the purchase of a property, where the property itself serves as collateral for the loan.

How do I get a mortgage in Edinburgh?

To get a mortgage in Edinburgh, you will need to work with a lender or mortgage broker. You will need to provide detailed financial information, including your income, expenses, credit history, and employment history.

What are the types of mortgages available in Edinburgh?

The most common types of mortgages in Edinburgh are fixed-rate mortgages, variable-rate mortgages, and tracker mortgages. Each type has its own benefits and drawbacks, so it’s important to discuss your options with a mortgage broker.

What are the requirements for getting a mortgage in Edinburgh?

The requirements for getting a mortgage in Edinburgh vary depending on the lender, but generally, you will need to have a good credit score, a stable income, and enough savings to cover the down payment and closing costs.

How much can I borrow for a mortgage in Edinburgh?

The amount you can borrow for a mortgage in Edinburgh depends on a variety of factors, including your income, credit score, and the value of the property you’re interested in purchasing.

How long does it take to get a mortgage in Edinburgh?

The time it takes to get a mortgage in Edinburgh varies depending on the lender and the complexity of your financial situation. It can take anywhere from a few weeks to several months to secure a mortgage.

What is a mortgage broker and how can they help me in Edinburgh?

A mortgage broker is a professional who works with multiple lenders to find the best possible mortgage for your specific financial situation. They can help you navigate the complex world of mortgages and save you time, money, and stress in the home-buying process.

What is the difference between a mortgage lender and a mortgage broker in Edinburgh?

A mortgage lender is a financial institution that provides the funds for your mortgage, while a mortgage broker works as an intermediary between you and potential lenders to help you find the best mortgage deal.