First time buyer mortgages
First time buyer mortgages
Your first home is one of the most important purchases of your life. We can help you finance your dream home.
Join us today to access our range of fixed and variable-rate mortgages, designed to suit the needs of first-time buyers.
How to apply
Find out how much you can borrow
Use our mortgage calculator to find out how much you can borrow based on your income. Our calculator will also let you see the various products available and indicative monthly mortgage repayments.
Get a Decision In Principle
Once you are ready to proceed and find your new home, get a Decision In Principle from us. This is a document that confirms what we would lend to you based on what you have told us. This is valid for 3 months and unlike other lenders, we take time to carefully assess your affordability before confirming our decision. This means you have more certainty when searching for a property.
Get a formal offer
Once you find a property, the next stage is to meet with us to complete a formal mortgage application. We'll help you through each step of the process and at the end of this provide a formal mortgage offer.
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How much can I borrow?
How much can I borrow?
Find out how much we could lend you with our easy to use calculator.
This will tell you the maximum we could lend you based on your income and provide you with an illustration of monthly mortgage repayments based on our current product range.
Why choose a Glasgow Credit Union mortgage?
We've helped hundreds of members with their mortgage needs.
All mortgages are subject to status and meeting our lending criteria, which will include an affordability and credit assessment.
Our friendly and knowledgeable mortgage advisors will be with you each step of the way through your mortgage application and remain on hand after you move in to help with any questions you may have.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Exclusive member rates
As we don’t borrow from other lenders, we aren’t directly impacted by Bank of England base rates. Our rates are based on the credit union’s Standard Variable interest rate.
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A people-first approach
Getting a mortgage can be daunting - but our friendly team of experts are here to help. We take a full overview of your personal circumstances before making a decision on your application.
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End-to-end support
From a Decision in Principle to handing over the keys and beyond, one of our mortgage advisers will be with you every step of the way.
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No hidden costs
We don’t charge a set-up payment and our transparent fee structure means there are no financial surprises throughout the process.
Shared Equity Mortgages
Shared Equity Mortgages
Up to 40% funding is available towards the purchase price with the LIFT scheme, which is aimed at first time buyers (terms and conditions apply). The scheme brings together new ways to help access homeownership.
One of these ways includes the New Supply Shared Equity Scheme. This scheme allows first time buyers to buy a new build property from a Registered Social Landlord (RSL) - normally a housing association or housing co-operative.