Mortgage Advisors Edinburgh

No. Comparison sites might be useful for conducting some initial self research, but they aren’t nearly as sophisticated as the specialist mortgage search tools designed and used by our advisors.

As leading mortgage advisors in Edinburgh, we have access to exclusive deals which are not generally available to the public directly. Unlike arranging your car insurance, matching a client with exactly the right mortgage requires huge expertise and in-depth knowledge of the financial markets and of each lender’s specific underwriting criteria. Because small differences in rate can result in huge differences in repayments, the cost of getting it all badly wrong can be quite substantial.

Above all else is the personal service that our mortgage advisors offer here in Edinburgh. There is a lot of complex paperwork involved in the mortgage process that we will expertly complete for you. This is something that cannot be done via a comparison site.

Yes. Before showing you the products available, our mortgage advisors in Edinburgh will look at your circumstances in order to find a deal that works for you and your family. We’ll assess what you can demonstrably afford and give advice accordingly, with the logic that you will be able to comfortably afford repayments on recommended products for the duration of the mortgage.

In order to give tailored, comprehensive advice on mortgage products directly suited to your individual circumstances, our Edinburgh mortgage advisors will look to understand your situation and needs. With this information, the challenge of choosing the right mortgage becomes that little bit easier.

We’ll start the process with an extensive conversation with you to establish what you are borrowing for, what your budget is, and any individual circumstances that may affect your ability to borrow. Remember, the more information we have, the more we can personalise the deal to you!

The short answer – as early as possible! Enlisting our help early on in the application process maximises our opportunities to help you, and allows you to reduce the risk of frustration, disappointment, and rejection while finding and applying for your mortgage.

Because our mortgage advisors help you to understand what you can afford, the information we give will ultimately dictate the price range of properties you can look to buy. If you’ve already got your heart set on a new home before speaking to an advisor, there is every possibility that you may have overestimated what you can afford, rendering your choices unsuitable. This can be deeply demoralising and frustrating, not to mention a waste of your time.

And it’s not just your price range that we advise on. We’ll also offer a more comprehensive understanding of the other costs involved in the application process: things like mortgage account fees, arrangement fees, booking fees, legal fees, local authority fees, and more.

Speaking to an advisor early in the process is recommended. Contact us today or at your next earliest convenience to speak to one of our mortgage advisors in Edinburgh.

Once you have booked your appointment with one of our mortgage advisors, there are a few documents you’ll need to bring with you.

1. Proof of ID (This could be either a driving licence or a passport)
2. Proof of address (For example: utility bill, bank statement, most recent council tax bill. Dated within the last three months).
3. Most recent credit card and loan statements for any outstanding credits or loans.
4. Last annual mortgage statement (This may not be applicable to you).
5. Proof of deposit funds.
6. Any current income protection, life insurance or critical illness schemes.
7. Last 3 months of payslips, most recent P60 and evidence of employee benefits (only for those who are employed).

If you are a limited company director or are self-employed, you may be required to bring additional documents to your mortgage advisor Edinburgh appointment. If you are still confused or unsure of what you need, don’t hesitate to contact us with any questions.

There is little differentiation between an independent mortgage advisor and a mortgage advisor Edinburgh , they are almost one in the same. Mortgage advisors are professionals with an abundance of knowledge surrounding the housing market, who can help guide you and recommend a vast range of mortgage products. 

The only contrast between the two is that independent advisors are able to access special offers and products, including second charge mortgage loans. Whereas mortgage advisors can only acquire the general range of products available on the market. 

Often people confuse the two, but it’s key to be aware of what your mortgage advisor can and can’t offer you. 

There are multiple benefits to be mindful of if you’re questioning whether a mortgage advisor is right for you.

With our years of expertise, we can help choose a mortgage that suits you. We do this by assessing what repayments you are capable of making, looking at your debts and income, and calculating what mortgage would benefit you more. 

Without a mortgage advisor Edinburgh, you wouldn’t be able to find the best value deals on the market, which could affect your future income. By choosing us, we can help increase your prospects of securing a mortgage and provide you with an accurate sense of stability. 

We will talk you through the entire process, answering any questions or queries you might have, and we are proud to provide expert advice for each and every client.

Both independent and non-independent mortgage advisors will charge clients a small fee, which is usually a percentage of the final loan. On average this could be anywhere between 0.3% and 1% of the finalised mortgage, so be wary if an advisor is expecting you to pay a higher percentage.  

With the average UK house costing approximately £250,000, and 95% mortgage loans slowly making a comeback, you could be asking for a maximum loan of £237,500. Meaning the topmost fee you’d pay a mortgage advisor for an average costing property in the UK would be £2,375.

Mortgage advisors can also receive commissions from mortgage lenders, so keep in mind that this could sway an advisor in a certain direction and may impact your final deal. Be reassured that we excel at customer care and thrive on providing our clients with the best possible outcomes.

Our aim as mortgage advisors Edinburgh is to assess whether or not you can afford the repayments needed in order to secure your mortgage. Therefore, the majority of our questions will be financially based. 

We want to determine what your income is and what expenses you may have, so we will ask about any outstanding loans that could impact your chances of procuring a mortgage. 

At your first meeting, you will be asked some personal questions, such as: what property you’d like to purchase and what your personal circumstances are. This can provide us with the initial information we need to guide you in the right direction. 

We will also ask about the documentation you are required to provide, talking through your income and credit history so we can secure you a mortgage that suits your needs.

The titles “loan officer” and “mortgage advisor” are used interchangeably, so it’s easy to misinterpret their job roles. Both professions are actually different, but do tend to cross over at certain points. 

Loan officers work for a company, and can only offer mortgage options from that specific business. Unfortunately, this often means that loan officers can be limited with their choices for clients. 

Mortgage advisors work for themselves, and therefore can scour the market for mortgage deals from a variety of different businesses. With mortgage advisors Edinburgh, it’s probable that you will get a superior deal, only because they are given more freedom.