Yes, mortgage brokers in Scotland are regulated by the Financial Conduct Authority (FCA). The FCA sets rules and standards to ensure that mortgage brokers act in the best interests of their clients and maintain ethical practices.
Brokers must be registered with the FCA and follow its guidelines, which include providing clear and fair advice, handling customer complaints, and maintaining proper professional indemnity insurance.
On average, it can take between 6 to 8 weeks from the initial consultation with a mortgage broker to receiving a mortgage offer from a lender. The timeline may be longer if there are additional complexities involved or delays in providing required documentation.
To simplify the process and make sure it goes as quickly as possible, Deedle will find you the best quote and even handle your paperwork. Simply fill in our quick form and we can guide you through the mortgage process for free.
Buying a house in Scotland can be slightly quicker on average than in England or Wales. From the point of having an offer accepted you can expect the process to take around 6-8 weeks. Here are some other factors to consider…
| Key Differences |
Scottish Mortgage Market |
English Mortgage Market |
| Legal System | Governed by Scottish laws | Governed by English laws |
| Home Reports | Seller provides home report | No legal requirement for home reports |
| Land Registration | Land Register and Sasine Register | Land Registry |
| Property Taxes | Land and Buildings Transaction Tax (LBTT) | Stamp Duty Land Tax (SDLT) |
At Deedle, our dedicated team of mortgage advisors is here to offer unlimited support throughout the entire mortgage process. From the initial consultation to the completion of your mortgage, we will provide guidance and assistance at every step.
Drawing on our extensive experience in the Scottish mortgage market, we search through thousands of mortgage deals to find the one that best matches your specific circumstances and requirements. Our goal is to make the process as smooth as possible for you. We take care of all the necessary paperwork, handle communication with lenders on your behalf, and ensure a seamless experience.
Whether you have a poor credit history, are self-employed, or are in retirement, our team of experts specialises in finding mortgages that suit a wide range of needs.
Deedle can help you get a mortgage from anywhere in Scotland. Locations include:
Edinburgh
Glasgow
Aberdeen
Dundee
Inverness
Stirling
Perth
Falkirk
Paisley
East Kilbride
Livingston
Ayr
Kirkcaldy
Dunfermline
Greenock
Cumbernauld
Coatbridge
Airdrie
Motherwell
Hamilton
Kilmarnock
Yes, there are no restrictions on non-UK residents purchasing residential or commercial properties in Scotland. However, additional considerations such as visa requirements and currency exchange, may apply. Deedle can provide guidance on the specific requirements and assist you in obtaining a mortgage as a foreign buyer.
Yes! We can help you access competitive exchange rates and navigate the currency exchange process when transferring funds for your property purchase. This can potentially save you money and ensure a smoother transaction.
Yes, buyers should be aware of:
Yes, you can switch your mortgage to a different lender in Scotland. This process is known as remortgaging.
Yes, there are government schemes and programs in Scotland designed to assist first-time buyers with getting a mortgage. One popular example is Help to Buy (Scotland).
Yes, many mortgages in Scotland allow for overpayments. Overpayments are additional payments made towards your mortgage principal, which can help you pay off your mortgage faster and potentially save on interest costs.
Yes, you can get a mortgage in Scotland even if you have bad credit. Deedle works with people of all credit scores, even if you have weak credit history. We will keep it in mind and find you the best deals possible. One option is to get a mortgage with a guarantor.
