Mortgage Advice Dumfries
Mortgage advice from whole of the market qualified broker for any situation
First time buyers mortgages
Home mover mortgages
Mortgage Product Switch
Buy to Let mortgages
Mortgage Advice Dumfries
How can we help you?
If you are looking to move home then finding the right mortgage and having this agreed and in place is a vital requirement. With lots to consider at such a time our friendly mortgage advice can streamline and simplify the process for you, freeing you up to focus on what really matters. Finding your new home.
Get in contact today to speak to us about how we can find you the best mortgages rates in Scotland tailored to your individual needs and requirements.
If you are considering purchasing a property to let out, or you have an existing portfolio you are looking to review, with access to the whole of the market we can help you find a buy to let mortgage.
Get in touch today to find out what you need for a buy to let mortgage, receive professional advice and calculate your monthly payments along with establishing how much of a buy to let mortgage you can get.
Many people will simply allow their current deal to come to an end, at which point you will move on to your lenders current standard variable rate. This can often mean your payments and interest rate goes up.
With access to the whole of the market, and the some of the best mortgage rates from across Scotland get in touch today to see what mortgage deals are available to you from both your current lender and the rest of the market.
Taking the first steps into owning your own home can be a confusing process having never had to consider this before.
With many years experience specialising in helping first time buyers achieve their home ownership dreams, we are here to simplify the mortgage process for you, explain your mortgage options to you and provide advice tailored to your individual circumstances.
We can help you from the very beginning of your journey through to you picking up your keys. Many first time buyers often ask the following, all of which we can clarify for you;
How much deposit do I need?
What should I look for on the home report?
How much can I borrow?
What will my mortgage payments be?
Should I fix my mortgage payment?
How long should I fix my mortgage for?
Which product is best for myself/us?
What Scottish Government schemes are available to me?
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Explore your mortgage options and see how we could help you achieve your home ownership dreams.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
FIRST HOME FUND
Open to first time buyers anywhere in Scotland this government backed scheme offers up to £25,000 to help you buy a house.
The house can be new build or existing housing already built.
You will need at least 5% deposit of your own, though you can add more if available.
Not all mortgage lenders support the first home fund.
Before applying for the first home fund you will need to have your mortgage agreed in principle and have had a verbal offer accepted on your new home.
Low cost initiative for first time buyers (LIFT) offers two varities of the scheme;
OMSE - Open market shared equity. A scheme designed to help people buy their first home in Scotland, subject to certain price thresholds
Under the OMSE you'll pay for the biggest share, typically between 60% and 90% of the houses overall cost. The Scottish Government will hold the remaining share under a shared equity agreement.
NSSE - New Supply Shared Equity, which helps people buy a new-build home from a council or housing association.
Under the NSSE you'll pay for the biggest share, typically between 60% and 80% of the houses overall cost. The Scottish Government will then hold the remaining share under a shared equity agreement.
HELP TO BUY SCOTLAND
The Scottish Help to Buy Scheme is available and aimed to help the housing market and small developers.
The scheme is called ;
Smaller Developer scheme
You can apply for help up to 15% of the houses price whether you are a first time buyer or an existing homeowner.
You will be expected to provide a minimum of 85% of your houses purchase price through a combination of mortgage and your own deposit.
The purchase price of your new home cannot exceed the scheme threshold price, which for the financial year 2020/2021 has been set at £200,000