We search a comprehensive range of mortgages to find the right mortgage for you
Select Investment Managers are able to help with one of the biggest steps in anyone’s life – purchasing a property. Our local mortgage experts can identify the optimal deal for your unique circumstances, and we can search a comprehensive range of mortgages from across the market for the right product for you.
It’s often assumed that mortgage lenders all offer similar products, but this isn’t the case. For example, some lenders specialise in applications for the Help to Buy mortgages that have enabled thousands of people in cities like Glasgow and Edinburgh to join the property ladder with just a five per cent deposit.
Select Investment Managers offer mortgage advice to people throughout Central Scotland, from Stirling and Falkirk to Lanarkshire and the Lothians. We provide our clients with straightforward advice in plain English, and we can guide you through the mortgage process.
The house buying process in seven simple steps
Uncertain about how to approach the house-buying process? These are the key steps you need to take:
- Set a budget. There’s no point looking at unaffordable properties, so do your sums first. The deposit you have will affect the mortgage value and interest rates you can obtain, and a Select Investment Managers mortgage expert can help you to choose an optimal loan sum with manageable monthly repayments. An agreement in principle will allow you to set a budget and know your financial limits.
- Research the market. Don’t start viewing properties until you’ve studied the market in your preferred areas and investigated selling prices. Spend some time walking around your shortlisted areas, identifying preferred locations or property styles. A lot of useful information can be gleaned online about the area.
- Know what you’re looking for. If your budget only extends to a one-bedroom flat, it’s easy to decide what to look for. On the other hand, many people can choose between different property styles, sizes and locations. Create lists of essential and desirable attributes depending on what’s most important, and apply these criteria to every property you arrange to view.
- Make an offer. Once you’ve found a potential home, engage a solicitor to make a formal offer. Don’t be afraid to offer a relatively low sum to begin with, and clarify what you’re expecting for that price (such as kitchen appliances or garden furniture).
- Formalise your mortgage offer. This should be the most straightforward part of the home-buying process, since your Select Investment Managers adviser will act as a go-between. You will probably have to provide salary slips or three years accounts if you are self-employed, bank statements and other personal documentation, so ensure your paperwork is well-organised.
- Prepare for moving day. As well as packing up and organising the removals process, you’ll have to dispose of anything that you’re not taking with you. There will be many people to notify about your new address, and we’d recommend setting up a postal redirect for your current address in case you forget to tell anyone you’re moving.
- Conclude missives and take possession. Your mortgage adviser and solicitor will manage most of these last-minute formalities. Once the mortgage has been released to the seller, along with any deposits, you can collect the keys from their solicitor and take legal ownership of your new home…