Mortgages 101
02/16/23 • 37 min
On this week's episode Paul & Megan do a deep dive on mortgages with two of the ESPC Mortgages team: Paul Demarco & David Lauder, who have been Mortgage Advisors at ESPC Mortgages for 17 years.
We try our best to cover as many mortgage topics as we could in one episode including affordability checks, remortgaging, porting your mortgage as well as advice for first-time buyers.
Key points we discussed:
➡ Intro to Paul & David (01:11)
➡ What is a mortgage advisor? (01:59)
➡ Advice for first-time buyers (03:20)
➡ How do you check affordability? (05:50)
➡ How much deposit is required? (07:19)
➡ LIFT government scheme (08:43)
➡ How much can you borrow? (10:35)
➡ Remortgaging (12:59)
➡ Porting your mortgage (15:42)
➡ Overpayments (18:50)
➡ How long should your mortgage term be? (21:56)
➡ 2, 5 or 10 year fixed rates? (24:19)
➡ What are your hopes for the mortgage market in 2023? (27:37)
➡ Our final three questions! (29:37)
If you've got any questions for the team at ESPC Mortgages, you can get in touch at [email protected]
If you're preparing to buy your first home, we can help! You can sign up to our first-time buyer event on 30th March here. Come along and find out more about the current market and get one-to-one advice from some of our ESPC solicitor estate agent member firms and the ESPC Mortgages team.
The information contained in this podcast is provided in good faith. Whilst every care has been taken in the preparation of the information, no responsibility is accepted for any errors which, despite our precautions, it may contain.
The initial consultation with an adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice are usually £350 (£295 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.
ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the Financial Conduct Authority.
Got a question for us? Send us a text message!
Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw
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.
On this week's episode Paul & Megan do a deep dive on mortgages with two of the ESPC Mortgages team: Paul Demarco & David Lauder, who have been Mortgage Advisors at ESPC Mortgages for 17 years.
We try our best to cover as many mortgage topics as we could in one episode including affordability checks, remortgaging, porting your mortgage as well as advice for first-time buyers.
Key points we discussed:
➡ Intro to Paul & David (01:11)
➡ What is a mortgage advisor? (01:59)
➡ Advice for first-time buyers (03:20)
➡ How do you check affordability? (05:50)
➡ How much deposit is required? (07:19)
➡ LIFT government scheme (08:43)
➡ How much can you borrow? (10:35)
➡ Remortgaging (12:59)
➡ Porting your mortgage (15:42)
➡ Overpayments (18:50)
➡ How long should your mortgage term be? (21:56)
➡ 2, 5 or 10 year fixed rates? (24:19)
➡ What are your hopes for the mortgage market in 2023? (27:37)
➡ Our final three questions! (29:37)
If you've got any questions for the team at ESPC Mortgages, you can get in touch at [email protected]
If you're preparing to buy your first home, we can help! You can sign up to our first-time buyer event on 30th March here. Come along and find out more about the current market and get one-to-one advice from some of our ESPC solicitor estate agent member firms and the ESPC Mortgages team.
The information contained in this podcast is provided in good faith. Whilst every care has been taken in the preparation of the information, no responsibility is accepted for any errors which, despite our precautions, it may contain.
The initial consultation with an adviser is free and without obligation. Thereafter, ESPC Mortgages charges for mortgage advice are usually £350 (£295 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.
ESPC (UK) Ltd is an Appointed Representative of Lyncombe Consultants Ltd which is authorised and regulated by the Financial Conduct Authority.
Got a question for us? Send us a text message!
Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw
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.
Previous Episode
Relocation, relocation, relocation
In this episode, Paul & Megan sat down with Kate & Karlyn from Edinburgh Relocations to discuss the process of moving to the capital!
In this episode we talk about Kate & Karlyn's international clients and how they help those travelling from far and wide secure rental properties in the best area to suit their budget and lifestyle.
If you're thinking about relocating to Edinburgh, you can read more about the different areas of Edinburgh on the ESPC website here.
Got a question for us? Send us a text message!
Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw
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.
Next Episode
Energy efficiency in traditional Edinburgh homes
Period homes in Edinburgh are famously inefficient when it comes to energy use, but how can you make your traditional home more environmentally friendly?
Well, we have some answers for you! Paul & Megan are joined by Jo Parry-Geddes from Mill Architects and Moses Jenkins from Historic Environment Scotland to chat through the issues that aging properties pose, as well as some solutions!
Topics covered include EPC ratings, retrofitting, quick fixes, stair association groups and general maintenance of older homes.
Here are the links to some of the supporting materials referenced in the episode:
Bute House Agreement which sets targets (page 15)
HES guidance on retrofit
HES Mould guidance
HES Blog on condensation
Got a question for us? Send us a text message!
Enjoy the episode? We'd love to hear from you! Send your questions and comments to us directly on [email protected] 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.
You can read our most recent house reports here: http://bit.ly/3CQlEQw
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.
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