Categories > Other Services

5 Best Mortgage Brokers in Edinburgh

5 Best Mortgage Brokers in Edinburgh

  • Mortgage Broker Service – The efficiency of service provided by each broker was assessed, along with their range of lending networks.
  • Credentials – We also assessed each mortgage broker’s trustworthiness and expertise, as well as their years of experience and accreditations.
  • Responsiveness -  We looked at how attentive, accessible, and helpful they are to clients that have queries or requests.
  • Value-Added Services – We reviewed the add-on services that each mortgage broker offers. These will help turn them into one-stop solutions for clients.

Let’s face it, a mortgage might be the closest thing to a legally binding relationship you’ll ever have. But that’s okay! Who needs a partner when you can commit to 30 years of homeownership instead? 

To help you find the most competitive rates or secure favourable terms, here is our list of the best mortgage brokers in Edinburgh.

1. First Mortgage

First Mortgage's Homepage

Services: First Time Buyer, Remortgage, Moving Home, Buy to Let Mortgage, Help to Buy Scheme, New Build

Website: https://www.firstmortgage.co.uk/branches/edinburgh/

Address: 30 Walker St, Edinburgh EH3 7HR, United Kingdom

Contact Details:  +44 131 220 6205

Operating Hours:

  • Mon-Fri: 9AM–5:30PM
  • Saturday: 9AM–3PM
Google reviews score5/5
Trustpilot reviews score5/5
Score consistency5/5
Total Reviews5/5
Mortgage Broker Service5/5
→Range of Lending Networks5/5
→Efficiency5/5
Credentials5/5
Responsiveness3/5
Value-Added Services5/5

Pros

  • Over 25 years of experience
  • 70% of new clients are referrals
  • Offers free impartial advice
  • Over 10,000 products analysed
  • Has a “Best in Market” mortgage promise
  • Offers a range of online mortgage tools

Cons

  • Closed on Sundays
  • Lack of proactive communication

First Mortgage, the UK’s longest established mortgage brokers, has been offering free impartial mortgage advice for over 25 years. Their services come highly recommended, with 70% of new clients being referred by customers who appreciate their expertise.

Unlike other mortgage brokers, they have a team of mortgage specialists who provide free impartial advice. This allows you to explore various options without any obligations.

Their commitment to finding the best mortgage solution is evident in their extensive product comparison. They’ve analysed over 10,000 products, which boosts our confidence in their ability to match you with the most suitable mortgage product.

We’re actually impressed by their “Best in Market” mortgage promise. This unique offering assures clients that if they receive a better mortgage offer elsewhere, First Mortgage will reward them with £500. 

In addition to their advisory services, First Mortgage offers a range of online tools. From calculating borrowing capacity to estimating stamp duty payments and mortgage repayments, these tools empower borrowers to make informed decisions

However, it’s worth noting that First Mortgage is closed on Sundays, which may be inconvenient for some individuals requiring weekend assistance. 

Furthermore, there have been occasional reports of a lack of proactive communication, where clients have desired more regular updates. We hope First Mortgage takes note of these concerns and works towards enhancing their communication practices.

2. Mortgage Advice Bureau

Mortgage Advice Bureau's Homepage

Services: First Time Buying, Remortgaging, Homemovers, Buy To Let, Affordable Housing Schemes

Website: https://www.mortgageadvicebureau.com/mortgage-advisers/dundas-street-edinburgh/

Contact Details:  +44 800 652 6649

Operating Hours:

  • Mon-Thurs: 9AM–8PM
  •  Fri-Sun: 9AM–5PM
Google reviews score4.9/5
Trustpilot reviews score4.6/5
Score consistency4.8/5
Total Reviews4.7/5
Mortgage Broker Service5/5
→Range of Lending Networks5/5
→Efficiency5/5
Credentials5/5
Responsiveness3/5
Value-Added Services3/5

Pros

  • Only mortgage intermediary to be publicly traded on the London Stock Exchange
  • Open all week
  • Impressive track record of handling over £16 billion of loans annually
  • Vast network of over 2,000 advisers
  • Access to over 12,000 mortgage products from more than 90 lenders
  • Offers a selection of lifestyle and income protection cover
  • Established the Mortgage Advice Bureau Foundation

Cons

  • Comparatively limited range of mortgage services
  • Communication issues

Mortgage Advice Bureau is a local mortgage broker. As the first and only mortgage intermediary to be publicly traded on the London Stock Exchange’s Alternative Investment Market, they’ve established themselves as a trusted name in the industry.

Their availability throughout the week sets them apart, allowing customers to seek assistance at their convenience. They also have an impressive track record of handling over £16 billion of loans annually. 

With a vast network of over 2,000 advisers across the UK, Mortgage Advice Bureau provides expert mortgage advice on a local, regional, and national level. 

Their advisers are available for face-to-face consultations or over the phone, offering convenience and accessibility to consumers nationwide.

Another significant advantage is their extensive product range, with access to over 12,000 mortgage products from more than 90 lenders. This allows you to have an increased likelihood of finding a suitable mortgage solution.

In addition to mortgage services, Mortgage Advice Bureau also offers a comprehensive selection of lifestyle and income protection covers. This can safeguard customers against unexpected events.

However, it’s important to note the range of mortgage services they offer is comparatively limited. 

Additionally, there have been occasional concerns raised regarding responsiveness to queries, suggesting room for improvement in customer communication.

3.  Edinburgh Mortgage Advice

Edinburgh Mortgage Advice's Homepage

Services: Remortgage, First Time Buyer, Move Home

Website: https://edinburghmortgageadvice.co.uk/

Contact Details:  +44 131 339 2281

Operating Hours: Mon-Fri: 9AM–5PM

Google reviews score4.6/5
Facebook reviews score5/5
Score consistency4.8/5
Total Reviews4.7/5
Mortgage Broker Service4.5/5
→Range of Lending Networks4/5
→Efficiency5/5
Credentials5/5
Responsiveness3/5
Value-Added Services4/5

Pros

  • Founder has solid credentials and over 20 years of experience
  • Offers tailored solutions and does all the paperwork
  • Has a range of online tools
  • Access to a mortgage expert whale using their price comparison tool
  • Offers personalised protection recommendations

Cons

  • Closed on weekends
  • Relatively pricey fees

Edinburgh Mortgage Advice, led by agent and founder Mark Dyason, brings over 20 years of experience to the table. With a background in Lloyds, Capital Bank, Bank of Scotland, and Connells Estate Agency, he has gained industry-wide expertise.

They aim to save clients’ time by providing recommendations that align with their unique requirements. By shouldering the burden of paperwork, they streamline the mortgage process, allowing clients to focus on other important aspects of their lives.

Furthermore, Edinburgh Mortgage Advice provides a range of online tools, including a mortgage calculator and jargon buster. These help borrowers make informed decisions before committing to a specific mortgage solution. 

Their price comparison site, coupled with access to a mortgage expert, allows clients to receive comprehensive support and guidance throughout their mortgage journey.

We appreciate their tailor-made protection recommendations, providing clients with the right cover at the most favourable cost. 

However, it’s important to note that Edinburgh Mortgage Advice is closed on weekends. This may be a drawback for individuals requiring weekend assistance or for those who are only available during weekends.

Additionally, their remortgage services are relatively pricey, with a standard fee of £395 or £495 for Buy to Let mortgages.

4. Capital Mortgage UK Ltd

Capital Mortgage UK Ltd Homepage

Services: First Time Buyer Mortgages, Remortgage, Buy To Let Mortgages, Home Insurance, Life Insurance, Property Consultation

Website: https://www.capitalmortgageuk.com/

Address: 217 Gorgie Rd, Edinburgh EH11 1TU, United Kingdom

Contact Details:  +44 131 241 1601

Operating Hours: Mon-Sun: 9AM–5:30PM

Google reviews score4.9/5
Yell reviews score4.5/5
Score consistency5/5
Total Reviews4.9/5
Mortgage Broker Service5/5
→Range of Lending Networks5/5
→Efficiency5/5
Credentials5/5
Responsiveness4/5
Value-Added Services3/5

Pros

  • Low deposit
  • Can secure a new mortgage rate up to 6 months in advance 
  • Has access to lenders offering a minimum deposit of 20%
  • Has a unique influencer mortgage services
  • Offers professional mortgage services

Cons

  • Limited range of mortgage products
  • Reports of communication issues

Capital Mortgage UK Ltd offers mortgage seekers the flexibility of putting down as little as a 5% deposit, allowing them to cater to a wide range of financial circumstances.

One notable strength is their re-mortgage service, enabling clients to secure a new mortgage rate up to 6 months in advance of their current deal ending. This proactive approach ensures a smooth transition and potentially favourable terms for clients.

Furthermore, their expertise extends to buy-to-let mortgages, catering to investors seeking the best deals available. With access to lenders offering a minimum deposit of 20%, Capital Mortgage UK Ltd assists clients in maximising their investment potential.

A standout feature that not all firms offer is their unique influencer mortgages, providing specialised packages for influencers with complex income structures. This is helpful since the income of influencers can pose challenges in obtaining a mortgage.

Additionally, Capital Mortgage UK Ltd offers professional mortgage services for specific occupations, such as accountants, architects, barristers, and medical professionals. Their favourable terms include up to 5.5 times income and up to 95% loan-to-value.

However, it’s worth noting that Capital Mortgage UK Ltd has a limited range of mortgage products compared to some competitors. This may result in fewer options for clients seeking specific mortgage features or terms.

Another area for improvement is communication, as some clients have reported issues in this regard. We think enhancing their communication channels and responsiveness would further elevate the overall customer experience.

5. Malleny Mortgage Solutions

Malleny Mortgage Solutions' Homepage

Services: First Time Buyer, Remortgage, Home Movers, Buy To Let, Equity Release, Bridging, Insurance

Website: https://www.mallenymortgagesolutions.com/

Address: 175 Bruntsfield Pl, Edinburgh EH10 4DG, United Kingdom

Contact Details:  +44 131 344 4301

Operating Hours: Mon-Fri: 9AM–5PM

Google reviews score5/5
Trustpilot reviews score4.8/5
Score consistency5/5
Total Reviews4.9/5
Mortgage Broker Service4/5
→Range of Lending Networks5/5
→Efficiency3/5
Credentials5/5
Responsiveness5/5
Value-Added Services5/5

Pros

  • CeMAP-qualified and independent brokers 
  • Has received industry awards
  • Access to over 150 different lenders offering over 15,000 unique deals
  • Online tools for calculating mortgages, risks, and equity release

Cons

  • Fees for mortgage advice
  • Occasional system mix-ups

Malleny Mortgage Solutions has a team of CeMAP-qualified and independent brokers. Their expertise shows, being finalists for the Regional Best Broker category at the Scottish Mortgage Awards in both 2019 and 2020.

Unlike other firms, they offer bridging products. As competition has increased, bridging rates have become more attractive, making them a compelling choice for those seeking short-term financing solutions.

As an independent and whole-of-market brokerage, Malleny Mortgage Solutions provides access to over 150 different lenders offering more than 15,000 unique deals. This extensive network allows clients to secure a great deal.

For buy-to-let services, Malleny Mortgage Solutions stands out by having access to providers who are willing to lend on properties that require renovation or are currently uninhabitable. This flexibility allows investors to tap into a wider range of opportunities.

To empower clients in their decision-making, Malleny Mortgage Solutions offers online tools for calculating mortgages, risks, and equity release. These tools provide valuable insights and enable borrowers to make informed choices about their mortgage options.

It’s important to note that Malleny Mortgage Solutions typically charges a fee for their mortgage advice, unlike other firms that offer free advice. This fee structure may not be suitable for everyone.

Occasional system mix-ups have been reported. We think this indicates room for improvement in their operational processes. 

FAQs on Mortgage Brokers

Related topics