First Home Fund FAQ
With the First Hime Fund re-opening on 1st April, this article answers some critical frequently asked questions
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Latest News
Introducing the Mortgage Guarantee Scheme
Chancellor Rishi Sunak, In his recent budget, unveiled plans for the new UK Government Mortgage Guarantee Scheme. But what is the scheme and how will it impact future buyers?
LBTT to revert back to normal on the 1st April
Land and Buildings Transaction Tax (LBTT) will revert back to normal on Thursday 1st April 2021.
Mortgage Advice Bureau’s Regional Network Partner in Scotland appoint two new Directors
Mortgage Advice Bureau’s Regional Network Partner in Scotland have expanded their senior team with the appointment of two new Directors.
Introducing the refreshed Homes for Scotland Website
Produced by our dedicated marketing team for membership body Homes for Scotland, the new site delivers a fresh contemporary look that reflects the organisation’s ambition to communicate more effectively with stakeholders.
First Home Fund success
Due to increased uptake in recent weeks, first time buyers have until 6pm on Friday 2nd October to apply for the fund, which has already helped thousands with the purchase their first home.
Scottish Government increases LBTT threshold
The Scottish Government is to increase the starting threshold of Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000.
First Home Fund extended by £50M
Following an announcement made by the Scottish Government on Thursday 9th July, the First Home Fund has been extended by £50 million and will run until 31st March 2021.
How soon can you remortgage?
You should start the remortgage process early, and up to six months before your existing deal ends. This will give you time to find a better deal and save money.
The importance of protection insurance
In these uncertain times it is logical to review all financial outgoings. However, one area that shouldn’t be cancelled is your insurance or income protection.
Success at the Scottish Mortgage Awards
We were voted 'Best Broker in Edinburgh' and 'Overall Broker of the Year' at the inaugural Scottish Mortgage Awards.
Call us on 0800 652 6649
Call and speak to one of our local advisers today. We offer bespoke mortgage advice and search thousands of mortgages to help find the right deal for you.
We also provide access to Mortgage Advice Bureau’s Home Hub. A completely free home moving service, that gets you set up with everything you could possibly need in your new home. Let us help organise your move with 15 different professional services from removals to broadband and energy switching.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.