If you have a mortgage with another lender and are looking to move home, Glasgow Credit Union could help.
Moving to a new home can be quite a challenge. Although we can’t help you pack everything into boxes, with our great range of mortgage products and dedicated support from your own named mortgage adviser, we like to think we make the process a little easier.
If you need more information, our qualified advisers are on hand to help with your mortgage queries.
All loans are subject to status and meeting our lending criteria which will include a credit reference assessment.
A higher lending charge may be applicable depending on the amount you wish to borrow and the value/purchase price of your property. We charge 0.5% of the loan value for LTV between 85% and 90% and 1% of the loan value for LTV greater than 90%.
Early repayment charges of 2% apply during the promotional rate period.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Please check first that you are eligible to apply:
You are aged 18 or over
You have a UK bank account in your own or joint names
You are a permanent UK resident
You have never been bankrupt or had a Court Decree
To complete your application you will need:
Your current employer's address details
Details of monthly income and outgoings
Bank or building society details (sort code and account number)
To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Fair Processing Notice
It is important that you read the Fair Processing Notice document above. If there is anything that you do not understand, please contact us.
Please be aware that the longer you take to pay back a loan, the more you will pay back in interest. If you go for a shorter term your monthly repayment might go up, but you'll save in interest and pay back your loan faster.