Mortgages

As probably your biggest and lengthiest financial commitment, you should be sure you’re covering all bases and getting the right mortgage product for your individual circumstances.

Many people think that applying for a mortgage only involves working out multiples of your income to find out how much you can borrow, but it is so much more than this.

When more of us than ever are self-employed, the gig economy is growing and the old traditional structures of employment and salary-earning are being replaced with the new, more flexible arrangements a professional adviser will help you find the right mortgage.

In Scotland, the house buying process timeline is around eight to twelve weeks. There are many external factors that can either lengthen or shorten this timescale.

From mortgage application to mortgage offer, the average is roughly four to six weeks. Again, there is movement in this as sometimes they can happen in as little as 24 hours.

The legal process of purchasing a property will depend on many external factors such as the length of the chain, how quickly the vendor and the vendor’s solicitor responds to queries, and the complexity of the case in general.

What puts many mortgage-seekers off using an adviser is the fear that it will be costly.

Progeny instead receives a commission from the lender. It’s only in a small percentage of cases that they may charge a fee, representing the difference – only payable upon a successful completion.

Taking advice can help avoid costly or time-consuming problems that may arise in the application process if you’re taking the DIY option. You could be rejected for a mortgage if you don’t meet the criteria correctly or understand the circumstances the mortgage was designed for.

Seeking professional advice can save both a huge amount of time and effort plus a significant sum in the long run, giving you priceless peace of mind from day one.

Michael Wales, Mortgage Manager

Michael has a wealth of experience on a number of mortgage scenarios ranging from first time buyers, remortgage cases and bridging loans, along with any protection needs, life insurance, income protection and home insurance. Michael thrives on providing clients with trusted advice ensuring the right mortgage is recommended and that they are fully covered for any unforeseen events.

Stephanie Thayer, Mortgage Adviser

Stephanie has worked in financial services since 2019. She advises all clients from first-time buyers to buy-to-let investors with a developed understanding of the Scottish housing market.