Arrange your mortgage

The majority of first time buyers use a mortgage to purchase their home. There are two options for getting a mortgage: going straight to the lender or using a broker to help find the right deal.

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Choose the right mortgage for you

The majority of first time buyers use a mortgage to purchase their home. There are two options for getting a mortgage: going straight to the lender or using a broker to help find the right deal.

At Gleeson we work with new build mortgage specialists Meridian Mortgages who can definitely make the process a quicker due to their familiarity with our homes. Whether you decide to use them or not, it’s still a great idea to contact a financial advisor as they will help you choose the right mortgage for you, considering things such as mortgage terms, interest rates, or even mortgage type.

This is the most common repayment type and refers to the repayment of both capital and interest monthly.

Whether you arrange your mortgage via a lender or a broker, the mortgage processes typically take between four to six weeks.

An interest only mortgage refers to the repayment of the interest portion of your loan. The interest you pay on the loan is likely to be significantly smaller than the portion you used to actually buy your home. At the end of your repayment period, you will need to repay the full capital owed. These mortgages are considered high risk and therefore are less common – however it is worth knowing in case this option works for you.

What if I want to reserve a home now but haven't spoken to a mortgage specialist?

If you’re not quite ready at this stage but desperate to reserve your home, then make sure to speak to our sales team who, where applicable, may be able to take a holding reservation, giving you some extra time to get a mortgage in place. A holding reservation typically lasts for one week.