Savings & Investments
Avail our savings and investment services and make humongous profits.
Mortgages
Our mortgage services are considered to be one of the safest and the best.
Insurance
We provide our customers with all kinds of insurance that will benefit them in many aspects.
Financial Planning
We have the experienced experts in the field who can offer you great financial planning services.

The Scarborough Group

The Scarborough Building Society Group is made up of Scarborough Building Society; Scarborough Mortgage Services (SMS); North Yorkshire Mortgages Ltd; and Scarborough Channel Islands Limited (SCIL).

  • One
  • Two
Fixed Rate ISA80%
Mortgages92%
Inheritance Tax92%

Scarborough Mortgage Services

Scarborough Mortgage Services is a leading provider of third party mortgage administration, offering a tailored service to support individual lender strategies. Our aim is to create strategic partnerships by delivering value added solutions which meet client goals and tactical needs.

Need a more flexible mortgage provider?

  • Flexible payment options available
  • Switch to a fix allowed at any time
  • Products with no arrangement fees and £250 cash back available

Mortgage Callback Request

Our customer service team can schedule an appointment with the mortgage advisor and can clarify every doubt that you have.

Financial Planning

We have a special strategy that is designed by the experts in the field that we follow.
Our financial planning service is very much result oriented. It can definitely reap you great financial benefits.

Inheritance Tax
We can show you how to protect your estate so your heirs can have the maximum benefit. We may also be able to help you find ways to increase your wealth, and preserve more of it should the unexpected happen, like sickness, accidents, or injury.
Retirement Planning
Our friendly advisers can offer you the help you need in making the right choices – from regular savings to long term investments, IHT planning and mortgages to suit everyone, from first time buyers to buy-to-let investors. For advice about investing for the longer term we may also refer you to our partner Legal & General.
Investments
We have teamed up with Credit Suisse International to offer you the Guaranteed Capital Plus Account 16 – an opportunity to benefit from potential growth in the stock market. Save & Invest is a smart way to manage your savings.

When it comes to financing you can definitely trust Scarborough Financial Services. They provide great service with an experienced and talented team.

Elizabeth S. Reid

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Latest News

Mortgage Loans

The Do’s and Don’ts Of Mortgage Loans

Do: Get pre-approved

Don’t: Go house shopping without knowing your affordability

It is a critical step to get preapproved by your financial institution in order to identify the exact amount of your affordability and type of houses that fit within the budget. Getting pre-approved helps you determining homes within your budget and moreover if stumbling upon an ideal house, submitting your preapproved documents give you a strong preference over the house.

Do: Work alongside home purchasing professionals

Don’t: Assume you have to do it by yourself

Tend to work alongside with professionals in such field such as real estate agents, land inspectors, loan officers, etc. when purchasing your desired home as they fluent in such procedures and will help you attain your desired home without any hindrances in the loan process. Do not assume you have to do it yourself, as it can be a spell for disaster, especially when skilled and trained individuals exist.

Do: Understand your credit

Don’t: Close or open credit lines without prior consultation by a credit professional

Understand your credit

It is recommended to get your overall credit picture evaluated by a professional before going ahead on the mortgage process. Evaluating your creditworthiness enables you to determine your financial position and identify any inaccuracies if stumbled upon to seek solutions for it immediately. Remember to stay away and avoiding making any substantial purchases using credit, signing on loans or opening new credit lines before and during the mortgage or loan availing procedure.

Do: Maintain lines of communication open at all times

Don’t: Delay your response to your loan team

When going through the loan process, you can expect to hear from your mortgage advisor at each step of the process demanding submission of necessary documentation. The hidden but underrated secret to attaining loans on time is submitting necessary documentation as and when the lender requires without any delay.

Do: Formulate a savings plan

Don’t: Make significant purchases

A common mistake observed when availing a loan is making substantial unwanted purchases which as a result negatively affect their creditworthiness and often time lead to rejection of loan. However, you can redress this by avoiding making any significant purchases that can jeopardize your solvency. Instead, formulate a savings plan as you will need funds to secure necessary payments such as closing costs or down payment.

Do: Maintain your current job and income

Don’t: Make dramatic changes such as quitting or changing your job

A severe aspect taken into consideration by financial institutions when granting a loan is the stability of income of the individual. Maintaining such stability can smoothen your loan attainment process, whereas making dramatic changes such as quitting or changing which affect stability can lead to delay and even denial of the loan.

Do: Formulate a paper trail of funds coming in and out of your account

Don’t: Make large cash deposits into your account other than your salary

Financial institutions will require you to submit necessary documentation of your account showing accountable transfers and money coming in and going out. Bear in mind to avoid making large transactions which cannot be sourced as it can affect your loan process.