Mortgage Broker in Aberdeen

Are you a first time buyer in Aberdeen eager to start your mortgage process? By speaking to a mortgage broker in Aberdeen, you can receive tailored advice and support to help you on your journey towards owning your first home.

Your dedicated mortgage advisor in Aberdeen will guide you through the steps involved in securing a mortgage, simplifying industry jargon and providing clear explanations along the way. You will know what is going on throughout the whole process.

During your first mortgage appointment with your mortgage advisor in Aberdeen, they will evaluate your financial situation and offer an estimate of the maximum amount you could potentially borrow.

Moreover, they can assist you in obtaining a mortgage agreement in principle promptly, often within 24 hours of your meeting. This essential document can greatly boost your property search by showing sellers that you are a committed buyer with financing arranged.

By working with one of our mortgage advisors in Aberdeen, you can navigate the mortgage process with ease and experience a stress-free move into your first home.

If you’re thinking of moving home in Aberdeen, have you considered seeking mortgage advice before starting your process? Getting mortgage advice in Aberdeen could be crucial when it comes to moving home and getting a new mortgage.

Understanding your mortgage options is crucial. With a variety of mortgage products available, navigating these choices can be complex. A mortgage advisor in Aberdeen can help identify the most suitable options based on your financial situation and long-term goals.

In some cases, it may be possible to port your current mortgage over to your new home. This could save you from facing potential early repayment charges and fees involved in taking out a new mortgage. This is something we can look at with you as your mortgage broker in Aberdeen.

If it is not possible to port your mortgage in Aberdeen, we will look at your other moving home mortgage mortgage options. This may just mean following the traditional mortgage route.

If you’re nearing the end of your fixed mortgage term, it’s time to consider your remortgage in Aberdeen. Our team of experts specialises in providing customised remortgage advice in Aberdeen.

If you do not remortgage and your fixed mortgage term ends, you will fall onto your lender’s standard variable rate of interest. It is more than likely that this interest rate is much higher than your current rate, meaning that your monthly payments may see an increase.

You can start your remortgage process up to 6 months prior to your deal expiring, so make sure to get in touch with our team nice and early!

We take a thorough look at your unique situation to help you make well-informed decisions for the road ahead. If you looking to remortgage for other reasons such as releasing equity, funding home improvements or consolidating debts, we can also help with that too!

If you’re looking for buy to let mortgage advice in Aberdeen, our team of mortgage advisors are dedicated to supporting you at every stage of the process. We take pride in offering clear and dependable advice that is tailored to your individual requirements. Keeping up-to-date with the latest buy to let lending criteria is a top priority for us.

Whether you are a first time landlord or an experienced investor, our mortgage advisors in Aberdeen have the expertise to guide you through the complexities of buy to let mortgages. Our goal is to help you make informed decisions, maximising your investment potential while minimising risks.

Looking to buy a property in Aberdeen and struggling to save for the deposit? One of the government’s mortgage schemes could help you buy a property.

There are many government schemes available, here are a few that you may benefit from:

Shared Ownership

Shared Ownership in Aberdeen allows you to buy a share of a property (between 25% and 75%) and pay rent on the remaining share. Over time, you can buy more shares in the property, a process known as “staircasing,” until you own the property outright. This scheme is ideal if you cannot afford the deposit and mortgage payments for 100% of a home.

Right to Buy

If you are a council or housing association tenant in Aberdeen, the Right to Buy scheme allows you to purchase your home at a discount. The size of the discount depends on how long you have been a tenant and the type of property you are buying. This scheme is an excellent opportunity for tenants to own their homes.

Lifetime ISA (LISA)

The Lifetime ISA is a savings account designed to help first-time buyers save for a deposit. You can save up to £4,000 a year, and the government will add a 25% bonus to your savings, up to a maximum of £1,000 per year. The LISA can be a valuable tool to boost your deposit savings more quickly.

95% Mortgage Guarantee Scheme

The 95% Mortgage Guarantee Scheme helps both first time buyers and existing homeowners secure a mortgage with just a 5% deposit. The government provides lenders with a guarantee to encourage them to offer high loan-to-value mortgages, making it easier for buyers to get the financing they need.

Navigating the mortgage process as a self employed applicant can be slightly more complicated than those in traditional employment. However, fear not, as your mortgage broker in Aberdeen we are here to help!

If you own a significant share (20-25% or more) in your business, you will likely be considered as a self employed applicant when applying for a mortgage. To be eligible for a mortgage as a self employed individual, it is generally required to have been self employed for at least two years.

Lenders will primarily review your income over this period to assess your eligibility and borrowing capacity. When tackling the challenges of obtaining a mortgage while self employed in Aberdeen, having the right guidance and support is crucial.

Our dedicated team not only understands the unique hurdles faced by self employed individuals but also has the expertise to navigate the specific criteria set by mortgage lenders. By speaking to our team of mortgage advisors in Aberdeen, you can access tailored insights based on your self employment status and receive personalised advice on improving your mortgage application.

If you are renting your home in Aberdeen from a local authority, like the council or a housing association, as a home buyer, you may be eligible for the Right to Buy Scheme. This government scheme aims to assist first time buyers in acquiring the property they currently live in.

Eligibility for this scheme is determined by factors such as your length of residency and the value of the property. Successful applicants often receive a discounted purchase price, potentially removing the need for a deposit. Nonetheless, it is wise to have some savings set aside just in case.

Arrange a free mortgage appointment with a mortgage advisor in Aberdeen to find out whether the Right to Buy Scheme is something you’re eligible for.

Securing a mortgage when you’re over 50 in Aberdeen can be a different experience compared to younger borrowers. Lenders may have stricter criteria, considering factors like retirement age and income stability post-retirement.

However, there are tailored mortgage products designed to meet the needs of older borrowers. For instance, lenders might offer shorter-term mortgages, equity release schemes, or retirement interest-only mortgages, which allow you to pay only the interest on the loan. These options ensure that repayments remain manageable and align with your financial situation as you approach retirement.

Speaking with a specialist mortgage broker in Aberdeen like us can be extremely beneficial when trying to get a mortgage over 50. We can help you navigate the various options available and identify the best mortgage products tailored to your needs.