The Ernest Grant Way
Here at Ernest Grant mortgages, our knowledgeable, friendly team pride themselves on getting to know and understand clients needs and objectives. This enables us to tailor our advice, giving you the confidence you’re making the right decisions when financing your home.
Our initial consultations are focused on what will benefit you the most. As every client is different, we will work with you from wherever you may be in your journey. For some, that may be starting right at the beginning in asking ’what is a mortgage?’. Whereas for others it may be discussing loan restructuring. For most clients, we find that we can get you ready to buy in 3 simple steps.
How can we help?
Lets get you ready to buy in 3 simple steps
Creating a budget
We provide a tailored understanding of what you’re likely to be able to borrow. We then couple this with your own preferences on maximum spending per month to tailor a loan amount and deposit level that is best fit.
Knowing your Costs
Buying a home can be costly. It’s important to know how much you are likely to need for a deposit, but also the other associated costs of purchase. That’s why we will provide a full breakdown of your upfront and ongoing costs to buy a property, so you can save with purpose.
Lender Qualification
As part of our free initial consultation service, we will provide a certificate (subject to credit) from lenders that will state the amount you can borrow (known as an Agreement in Principle). This is required by most estate agents to lodge a successful offer.
FAQS
What is a mortgage?
A mortgage is a type of loan, known as a ‘secured loan’ which a lender provides when you are buying a property. A mortgage is always means tested.
Do I pay tax when buying a house?
In the UK you pay tax on buying properties, known as Stamp Duty Land Tax. However, the tax (if any) that you will pay depends on your own status and where in the UK you will buy. Our first calculators section gives more information on this.
Can I get a mortgage on benefits?
Typically, lenders accept varying forms of benefit income towards how much you can borrow. This depends on the specifics though, so to be sure, we will pick this up in your free initial consultation.
Can I get a mortgage if I’m self-employed?
Self-employed mortgages are more complex than if you were employed, that’s why picking the right broker to guide and advise you is key. Having up to date accounts is a great place to start. We will overview this as part of your free initial consultation.
How do I apply for a mortgage?
Applying for a mortgage involves credit checks, documentation, ID checks and more. It can seem quite complicated which is why our expert team of advisors and back-office support are here to make applying as simple as possible. Why not request a callback to discuss applying?
I have a low credit rating; can I get a mortgage?
Credit ratings are important to ensuring you have the best choice of lenders, but some banks do understand that sometimes blips can happen. Our expert advisors are well versed in finding a good fit for all levels of credit rating. Book a call back and lets find your options.