Mortgage Advisor Glasgow – common mortgage questions answered
Do you charge a fee for mortgage advice?
Yes, we charge an advice fee which is generally £376. If your circumstances are more complex then we may have to charge a little more however this would always be discussed with you. The fee is payable after our initial assessment at Decision in Principle.What do you, as a mortgage adviser in Glasgow, actually do?
We offer a free no obligation chat to ascertain if we can help. Once you engage our services then we essentially take care of the whole process for you from start to finish.
- Initial fact find to fully understand your background and specific requirements.
- This can be done at your convenience, either day or evening either electronically or face to face.
- Full research to establish the best product to suit your needs, discussed fully with you.
- We complete the application forms on your behalf, package them with the necessary supporting documentation and dispatch them to the lender.
- Application management and chasing up the underwriters in conjunction with the lenders dedicated Business Development Managers. Resolving issues or answering queries & fighting your corner, where necessary.
- A constant point of contact for you throughout the entire process.
- Liaison where necessary with estate agents, your solicitor or other third parties to ensure a smooth transition. We can help you find a solicitor etc too.
- Advice on associated insurance products matched to your budget for maximum quality & value.
How long does a mortgage appointment take?
This varies and totally depends on you, the questions you have and your circumstances. Clients typically spend 30 minutes to an hour. If you’re a First Time Buyer it is likely to take longer as we like to make sure you are fully informed.How long to get a decision in principle for a mortgage?
Once we have all the information we require from you and we have agreed a strategy specific to you, a lenders Decision in Principle (DIP) can be obtained within 1 hour generally.How long does it take to get a mortgage offer?
Once we have submitted all the documents the lender requires, this can be anywhere between 48 hours to 2 weeks, generally speaking. Lender timescales can vary especially when the market is very busy and so we will give you an accurate estimate during the advice process. Be assured that we will be doing everything to get you your Loan Offer as soon as possible.I have had some credit problems. Can you help & will this affect me getting a mortgage?
Just pick up the phone & call us to discuss as each case is different. Previous credit problems need not always cause problems in arranging a mortgage. We also recommend you use the link to obtain your credit report as it is important that we know the exact situation. You can also use this link (Checkmyfile.com) below to understand your credit score. Credit issues either big or small are not insurmountable and we can advise you here. clicking this link takes you to checkmyfile.com our preferred credit reference agency. Terms & Conditions apply.
I am self employed. I have heard this can cause me issues getting a mortgage?
No, this is not the case unless you are newly trading. If you are a Contractor, Limited Company Director or sole trader then we have the expertise to arrange your mortgage. It is a myth that it is any more difficult.How much deposit do I need to get a mortgage?
Generally speaking 5% is the minimum however there are some specialist mortgages available for first time buyers and some government backed schemes however these come & go so it’s best to check with us. It’s never too early to get a plan together and we are happy to help you understand where you are, any options and where you need to get to. The Scottish market can be tricky so please ask us about how to calculate “Offers Over” deposits.