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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

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  • Aga - Mortgage Broker

A customer contacted us to say they took a loan half way through their mortgage application😱….This nearly gave us a heart attack as it might have ruined the whole plan of a successful so far case! So much preparation, hours of work, customer’s hopes they would soon be in new home – all might have come to nothing! Why?

Any material change that happens in between a mortgage offer and the moment you collect your keys to new home must be reported to the lender ❗️

Lender reserves the right to do pre-completion credit checks and any such thing as a new loan or car finance or outstanding balance on credit card can be detected, which may mean your mortgage may not be affordable any longer…

This is one of the things you shouldn’t do once you have mortgage agreed – DO NOT TAKE A NEW LOAN!!!

What else could jeopardise the whole home buying plan?

📌Change of a job

📌Reducing your working hours

📌Getting into arrears or having a CCJ registered

There is, however, one thing you SHOULD ALWAYS DO…it is to speak to a mortgage broker first before you do anything.👩‍💻🧑‍💼

Should you have any questions about a mortgage, feel free to speak to us. We are here to help.

www.grnfinancialservices.co.uk

#GRNFinancialServices



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  • Aga - 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.



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  • Aga - 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:

https://righttobuy.gov.uk/right-to-buy-calculator/

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




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