Mortgage Broker in Perth

The amount you can borrow depends on several factors, mainly your income, regular outgoings, credit history, and the size of your deposit. Most lenders will typically offer between 4 and 4.5 times your annual salary, though some may lend more if your financial situation is particularly strong.

If you’re applying jointly, your combined income will be used to assess affordability. Lenders will also look at your credit commitments and lifestyle costs to make sure you can comfortably keep up with repayments.

In most cases, you’ll need at least a 5% deposit based on the value of the property you’re buying. So, for a £200,000 home, you’d typically need to put down a minimum of £10,000.

If you’re able to save a larger deposit, such as 10% or 15%, you could benefit from better interest rates and lower monthly repayments. Your credit history and whether you’re buying a residential or buy to let property can also influence the deposit required.

We’ll talk you through how much you’ll need, and what other options are out there, including gifted deposits or shared ownership, if you’re trying to get started with a smaller savings pot.

Yes, you can. Many people in Perth who have had credit issues in the past have still been able to get a mortgage.

We work with lenders who are more flexible and take a wider view of your circumstances. Whether you’ve had defaults, missed payments, or even a previous bankruptcy, we’ll help you find a mortgage that suits your current financial position.

After submitting a full mortgage application, it typically takes between two and four weeks to receive a formal mortgage offer. The exact timeframe depends on how quickly documents are reviewed and whether any additional checks are needed.

Before that, we can help you arrange a Mortgage in Principle within 24 hours, so you have something to show estate agents and sellers while you search for a property.

You’ll usually need to provide:

• Proof of identity (passport or driving licence)
• Proof of address (utility bill or bank statement)
• Proof of income (payslips or tax returns)
• Recent bank statements
• Details of your deposit

We’ll give you a full checklist based on your situation and make sure everything is in order before we submit your application.

In many cases, yes. Remortgaging can help you save money by switching to a better rate or allow you to borrow more for things like home improvements.

When your current deal ends, your lender will usually move you onto their standard variable rate which is often higher. Remortgaging can help you avoid that increase. We’ll check what your lender is offering and compare it with other deals to see what’s best for you.

Yes, and it’s something we deal with regularly. Instead of payslips, lenders will ask for things like tax returns or business accounts to assess your income.

Most lenders prefer to see two years of accounts, but some are happy with one. We’ll help you present your income in the best possible light and connect you with lenders who are experienced with self-employed customers.

A Mortgage in Principle is a document from a lender confirming how much they might be willing to lend you. It’s based on a soft credit check and the information you provide.

While it’s not a guarantee, it shows estate agents and sellers that you’re serious about buying. It also gives you a clear idea of what you can afford before you start house hunting.

As a mortgage broker in Perth, we offer access to a wider choice of deals than most people can get by going direct to a lender.

We also save you time by doing all the legwork. From your first appointment to mortgage completion, we handle the research, paperwork, and lender communication so you don’t have to. Our support helps make the whole experience much easier.

Yes, you can. There are mortgage options designed specifically for people over 60. These can include standard mortgages, retirement interest-only products, and equity release depending on your goals and circumstances.

We’ll explain what each option involves and help you find something that suits your lifestyle and plans for later life.

A buy to let mortgage is for properties you plan to rent out. Instead of looking mainly at your salary, lenders will focus on how much rent the property is likely to bring in.

You’ll typically need a larger deposit than with a residential mortgage, usually at least 20 to 25 percent. We’ll walk you through the requirements and help you find a deal that suits your investment plans.

A bridging loan is a short-term finance option used to “bridge the gap” between buying a new property and selling your current one.

It’s often used when timing is tight, such as buying at auction or securing a property before your own home has sold. We’ll explain how bridging finance works and whether it’s the right solution based on your plans.