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


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: 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.

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Have your home buying plans been affected by Covid 19?

Do you have too little deposit to buy? There are still options you might want to explore!

Pre Covid 19 lenders would lend to home buyers who had as little as 5% deposit and there was generally no issue with getting these mortgages. But these things have since changed and now, to have a choice of lenders and a decent interest rate, buyers need 15% or even more as a deposit.

There are rare deals for 10% and nearly no 5% ones so what can buyers do to still be able to get their dream home?

There are Government schemes which might help and, as long as you understand fully the ins and outs, you might still be able to move home.

Shared Ownership scheme, for instance, allows buyers to purchase between 25% and 75% of the house value and pay rent for the rest. The good thing is that deposit needed is calculated based on the share being bought so if someone is buying a 50% of a property worth £200k as an example, they will only need deposit based on £100k (50% of £200k).

This way, the deposit you have saved up may actually be sufficient for you to buy the house.

You would still need to pass the financial assessment and be able to afford both mortgage payment and rent, but at least you would not need to pay for the whole house at once.

You can then buy the rest of house shares in future.

Should you feel you would like to get more information about this scheme, do get in touch and our adviser will explain

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Credit score check is a crucial element of house buying process. A good mortgage broker should check credit report prior to submitting a mortgage application as this document can help select the right lender and avoid hurdles in a house buying process.

The times we face currently might create extra financial pressures on many of us. Whether you are employed or self-employed you may be challenged by loss of income, you may struggle to meet your credit commitments, which, as a result, may damage your credit score. Your health is also never guaranteed so being unable to work due to illness may force you to take decisions that will affect your credit score and your ability to be able to re-mortgage or buy a house in future.

If you have never heard of credit score protection, we encourage you to speak to us to see what is available that might prevent you from drastically affecting your credit score during times when you won’t be able to work due to health reasons.

We now offer online video consultations to answer any questions you might have

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GRN Financial Services

Mortgage broker

15 Bath Street,




GRN Financial Services Limited act as a credit broker not a lender.

OUR FEES and charges vary depending on the services we provide to you. We typically charge a fee of £395 payable on application.
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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. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority The information in this email is sent in confidence for the addressee only and may be legally privileged. Unauthorised recipients must preserve this confidentiality and should please advise the sender immediately of the error in transmission. If you are not the intended recipient, any disclosure, copying, distribution or any action taken in reliance on its content is prohibited and may be unlawful. GRN Financial Services Ltd accepts no responsibility for any loss or damage resulting directly or indirectly from the use of this email or the content.

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