Welcome to the first episode of ESPC's First-Timers Club - the ultimate companion for first-time buyers in Scotland.

In this episode our guest is David Lauder, a mortgage advisor at ESPC Mortgages and we discuss the basics of getting a mortgage including what a mortgage actually is, why you may need one to get a property and what's involved in securing one.

CHAPTERS:
0:00-1:55 Intro
1:55-3:06 What is a mortgage? And why do you need one?
3:06-5:53 What is the process to get a mortgage?
5:53-7:23 How long should your mortgage be?
7:23-9:02 Can you change your interest rate once you've chosen your mortgage?
9:02-10:41 Can you pay more than your monthly repayments on your mortgage?
10:41-12:14 Do you have to stick to your initial term on a mortgage?
12:14-14:26 What is the difference between fixed rate and tracker mortgages?
14:26-15:31 How to find out more about taking out a mortgage


The initial consultation with an ESPC Mortgages adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice are usually £395 (£345 for first-time buyers). YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.
ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the Financial Conduct Authority.

Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on marketing@espc.com or via our social media channels. You can also help other people find us by sharing the episode or leaving us a review and rating from wherever you're listening!

To find out more about ESPC and our solicitor estate agent member firms, you can head to our website.

Read the latest news from the property market in Edinburgh, the Lothians, Fife and the Scottish Borders here: http://bit.ly/3IPOR1T

ESPC is more than just a market leading property website. We are the home of property and are here to help you at every stage of your property journey.