top of page
grn-finanncial-services-logo.png

The GRN Financial Services Blog!

 

Full of expert information and advice to keep you up to date with all of the latest mortgage and financial services that we offer

The information contained within our blog is correct at time of publication but is subject to change.

Search
Writer's picture: Aga - Mortgage BrokerAga - Mortgage Broker

Updated: Oct 11, 2020


As getting a mortgage has become a bit challenging in recent times, mainly due to the impact that Covid-19 has had on people’s jobs and finances, if you are lucky enough to be in a position to buy, we can help you make your dream a reality.

Over the last couple of weeks, we have had local Leek residents in the office who asked for help because their bank or building society turned out to not be very helpful when it comes to getting a mortgage. We have met a first time landlord investing locally, a pensioner willing to purchase with another family member, a couple of first time buyers and also someone who has lived in a council house and looking to buy it.

The value of using a local mortgage broker in Leek means that, instead of spending your time going from lender to lender and checking whether you fit their criteria, you come to speak to us and we will do an extensive research for you saving all the hassle and potential disappointment, making sure we match your situation to the right lender.

Even if you only plan to buy in future, we can sit down with you to work out the best strategy to get you mortgage ready so you can select from a variety of lenders when you have found your dream home and want to make an offer.

If you are looking for a Leek Mortgage Broker, why don’t you make an appointment to see our adviser who will explain all the ins and outs.



238 views0 comments
Writer's picture: Aga - Mortgage BrokerAga - Mortgage Broker

Did you know you might be able to buy a house at a discount and without even any deposit?! How good is that?!

If you are buying a house from the council or a housing association, you qualify for a DISCOUNT on the market value of the property. MANY LENDERS TREAT THIS DISCOUNT AS DEPOSIT so you don’t need any more savings to buy.

Of course, you may still wish to add on to the purchase and take a smaller mortgage.

Always check with a qualified mortgage adviser as not all lenders are the same and some may still ask you to have a deposit.

How much discount can you get then?

Discount levels are different by the length of tenancy, type of property and region.

For example, after 3 years of living in a #councilhouse, you can get 35% discount of the market value of the property. When you have lived in the house for 5 years, this discount then goes up by 1% with every year up to a maximum of 70% discount.

To calculate your discount eligibility, use free calculator tool:

If you are buying from the Housing Association, the discount you could get is between £9,000 and £16,000 of the price of your property.

For any questions on #mortgage for #righttobuy or #righttoacquire, feel free to contact us: www.grnfinancialservices.co.uk




56 views0 comments

Child Trust Fund programme was launched 15 years ago for every child born between September 1, 2002 and January 31, 2011. Children were offered a voucher worth £250 by the Government. 

In some cases, another payment of £250 was made if the child was born between September 1, 2009 and July 31, 2010. Poorer families received £500 in each case. 

Government would set up a stakeholder account on child’s behalf where parents could also top up with own payments.

As the accounts will now be maturing, many families may not realise, or may have forgotten, that their children might be eligible for a pay out!

If your child is 18, they can find details of their fund by visiting:

https://gov.uk/child-trust-funds/ find-a-child-trust-fund

The Share Foundation charity can help locate your child’s fund if they are over 16.

At the age of 18, your child can either request a pay out or they might move the money to another saving account, for example an ISA account.



48 views0 comments

Contact details

GRN Financial Services

Mortgage broker

15 Bath Street,

Leek

ST13 6JQ 

Visit our social channels

  • facebook
  • linkedin

Search our website for helpful articles 

Plastic Free Champion Logo.png

REMEMBER! YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

​

OUR FEES and charges vary depending on the services we provide to you. We typically charge a fee of £499 payable on mortgage offer.

Some of the products/services shown are not or may not be regulated by the Financial Conduct Authority.

​

GRN Financial Services Ltd is a company registered in England and Wales. Registered number: 11200120. Registered office: 15 Bath Street, Leek, Staffordshire, ST13 6JQ. GRN Financial Services Limited is an appointed representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. GRN Financial Services Ltd accepts no responsibility for any loss or damage resulting directly or indirectly from the use of the content on this website. The content of this website is aimed at UK based customers only.

© GRN Financial Services

33C LOGO.jpg
bottom of page