How do I get a Mortgage ?

A property is probably the most expensive item you are ever likely to buy so it is vitally important that you decide wisely on your mortgage solution. McLernon Financial will be happy to guide you through the entire process.

How Much Can I Borrow ?

Consider your finances. Will you be able to afford your monthly repayments? To help you set a budget simply  Use our Mortgage Calculator (Click Here)  for an example of a Repayment Mortgage - or contact us for a full review.

Which Mortgage ?

There are such a wide range of different mortgage deals, it's difficult to know which one to choose. McLernon Financial will discuss all the options available and help you to decide what's right for you. In the meantime, here's a quick overview of the most common mortgage types.

1. Variable Rate The mortgage payments will go up and down in line with the lender's standard variable rate.
2. Fixed Rate  You opt to pay the loan at a rate of interest that's fixed for a specified time – no matter what happens to interest rates during that time.
3. Discounted Rate  A lender offers an initial discount on their normal standard variable rate for a given period.  At the end of the discounted period, the rate reverts to the lender's standard variable rate.
4. Capped Rate  This ensures your interest rate will never go above a certain rate during a specified time – but you still benefit if rates fall.
5. Flexible Rate  You control how you repay your mortgage – you can pay extra over a certain period, or even suspend payments for a specified time. 
6. Cashback  As an incentive, some lenders will give you a cash sum when you take out a mortgage