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Mortgage Advice Gretna

Mortgage advice for first time buyers, home movers and those looking to remortgage in Gretna

Whole of market, independent mortgage broker and advice in Gretna

Mortgages in Gretna

With a population of 4100, and an average house price of £157,500 it is fair to say Gretna's housing market has continued to be bouyant throughout the last few years.

Known for its romance, it became a haven for young lovers following the 1754 Marriage Act introduced in England and Wales. You were forbidden to marry without your parents' permission if you were under 21. It remains its popularity as a marriage destination to this day/

Tourists from the UK, abroad and more locally flock to Gretna each year with a great attraction being the Gretna Gateway shopping outlet.

Whether you are a first time buyer, home mover or are looking to remortgage your current property, with access to the whole of the market I can help you secure a mortgage that meets your needs and circumstances.

Mortgage Advice Gretna

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.

If your existing mortgage deal is coming to an end, now is the time to review your options. 

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;

  1. How much deposit do I need?

  2. What should I look for on the home report?

  3. How much can I borrow?

  4. What will my mortgage payments be?

  5. Should I fix my mortgage payment?

  6. How long should I fix my mortgage for?

  7. Which product is best for myself/us?

  8. What Scottish Government schemes are available to me?

Scottish Government LIFT Scheme in Gretna

Scottish Government HELP TO BUY Scheme in Gretna

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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

Lift Scheme Open Market and New Supply

LIFT SCHEME

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

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