Nicola Dean of Melrose Mortgage Solutions
Nicola Dean
Mortgage Broker Kimberly Cassidy
Gregor McMeechan

First Time Buyer Mortgage Help

Need Advice About Your First Property Purchase? Call Glasgow Mortgage Brokers Nicola Dean & Gregor McMeechan Today 

CALL 07812 125840CALL 0141 280 2770
Lines Open 9am – 5pm Mon-Fri.  Local Call Rates Apply.
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We respect your privacy
1 40 Yrs experience
2 Broker-only deals 
3 No-Obligation Quotes
4 Glasgow based

Client Testimonials

We contacted Nicola as she had been recommended to us by our solicitor.  We are genuinely delighted with the service she provided and will definitely use her again in the future and recommend her to others.

James and Sharon, Glasgow

Our advisor Nicola was with us every step of the way and her extensive knowledge and impartial advice removed any extra unwanted stress from the process.
We would not hesitate to recommend her to our friends
and family and look forward to using her again in the future.

Stuart & Lauren, Aberdeen

Mortgages For First Time Buyers In Glasgow

There can be a lot involved in buying your first property and applying for a mortgage. 

Many first time buyers find the process exciting and terrifying in equal measures.

Finding and viewing properties, deciding on the one that’s right for you and dealing with estate agents and solicitors can be complicated enough. 

Then there’s the mortgage to deal with.

When you take out a mortgage the lender gives you a lump sum to complete the property purchase.  

Which you then ofcourse repay, plus interest – over the agreed term.

Buying Your First Home

There are, however, quite a few other financial factors to take into account when you buy a property.

The first things to consider is the deposit.

Currently Mortgage lenders will lend a maximum of 90 to 95 per cent of the property’s purchase price, which means you have to pay the rest yourself as a deposit.

Your deposit may come from savings, or a gift from parents or other family.

The Scottish government’s Help to Buy scheme may be able to help towards the purchase, depending on your circumstances.

It’s worth bearing in mind that many lenders offer more attractive mortgage deals to homebuyers who are able to put down a larger deposit, typically 25% or more.

In addition to the deposit, there are several other costs to take into account when you buy a new home...

These typically include:

  • Mortgage arrangement fees – usually charged by the lender at the start of the application process.
  • Solicitor or conveyancing fees – for dealing with the legal side of the house purchase.
  • Valuation fees – both you and the lender need to know that the property is worth the asking price, for which a property valuation or survey will need to be carried out.
  • Land and Buildings Transaction Tax (LBTT) – from 1 April 2015 LBTT replaces the existing Stamp Duty Land Tax for house purchases in Scotland.
  • Moving costs, furniture and decorating and if applicable renovation costs.

Finding The Mortgage That’s Right For You

There are dozens of mortgage lenders in the UK and thousands of different mortgage deals that can change from one day to the next.

The lending criteria amongst mortgage providers varies enormously, particularly for first time buyers.

At Malleny Mortgage Solutions in Glasgow, Nicola Dean and Gregor McMeechan have access to a comprehensive range of thousands of mortgage products and can help find the right deal to suit you.

Your Next Step...

Call Nicola and Gregor for an initial consultation and no-obligation quote.

Speak to them today on 07812 125840

Alternatively, enter your details in our request a call back form. Nicola or Gregor will call to discuss your requirements at a convenient time for you. 

We look forward to helping you find the right mortgage deal soon.

Call For A Quote

Call 07812 125840
Lines open: 9am – 5pm Mon-Fri.  Local call rates apply.
Or Request A Call Back
Enter your details below and either Gregor or Nicola at Malleny Mortgage Solutions will call you back at a time convenient to you.
We respect your privacy.  Your details will not be used for marketing purposes.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 

Our fee for Mortgage Advice is between 0% and 1% of the loan amount, payable on application.  Typically this will be £495.