Mortgage Advice Glasgow
Looking for mortgage advice in Glasgow?
(Mortgage Advice in Glasgow, and throughout the UK, must be provided by a qualified financial advisor, they require to be regulated and are required to meet the standards set down by the Financial Services Authority).
Are you looking to re-mortgage due to difficult financial circumstances?
If so, this may not be the solution that you need. An option may be sell and rent bacK your home, or just to look for a quick sale.
Whatever the reason, a new mortgage under the current economic conditions may be hard to come by, especially if you have missed any payments on your current mortgage, known as mortgage arrears, perhaps even impossible. Lenders nowadays are reluctant to lend to anyone who does not have a cleaner than clean repayment record. If you are fortunate enough to find a lender that is willing to overlook your past record, you may find the rate is so penal, that it is prohibitively expensive.
Mortgage lenders can now pick and choose who want they as a customer, and can lay down the law as far as what criteria they are willing to offer a mortgage to their prospective clients. The deposit nowadays may be as much as 25% of the purchase price, and the loan offered may be at a very high rate, despite the Bank of England's base rate. The mortgage companies are now trying to retrieve some of the money from their customers to make up for the huge losses that they have incurred.
Mortgage Advice and the Property Advice Bureau
Glasgow's Property Advice Bureau are not registered with the Financial Services Authority, and are therefo unable to provide advice on mortgage products of any sort. We are however able to assist client's with alternatives, when a mortgage is unsuitable for a person's personal circumstances. We have a variety of options which can help people avoid repossession, and eviction from their home. As we are based in Glasgow, we know the local market well, and are in a position to purchase your home at very little notice, as we are cash buyers of property.
Your home may be repossessed if you fail to keep up your mortgage repayments.
If you live in Glasgow give the Property Advice Bureau a call or complete their contact form today.
* All surveys are carried out by a member of the Royal Institute of Chartered Surveyors and have no affiliation to PAB whatsoever. PAB will pay the property survey and legal fees up to £500, this amount will include VAT and any disembursements in order to conclude the missives, any amounts greater than this will be the client’s responsibility where a successful purchase is made by PAB and will be deducted from the purchase price. (Where a purchase is not concluded then the seller will be responsible for the legal fees, survey expenses, and any admin expenses incurred by PAB).
