Our services

Here at Ernest Grant Mortgages we offer market leading advice with your best interests at the heart of any recommendation. We pride ourselves on being able to open the door to over 100 lenders so we’re confident there’s a best fit for all. Once we’ve secured your mortgage, we will work with you to wrap the right layer of protection around this so that you have peace of mind moving forwards.

 

Why use a mortgage broker?

A question we get asked a lot is… what do you do for me as a client?

Well, a mortgage broker is a person who sits between you and the lender. The main point here is that we are the experts in all things mortgages. Every lender has different policies based on their lending criteria. Examples may be; your employment status, your income, your existing credit commitments and even your residency status. Our job as mortgage brokers is to ensure we are getting you the very best deal, based on your circumstances, your objectives and the lenders criteria. 

Our job doesn’t stop there. Unlike banks and other lenders, we have your best interests at heart until you get your keys, and beyond. We’ll be by your side to support you, every step of the the way. And here’s how:

Helping you set the right budget

Breaking down costs to buy

Arranging accurate and precise lending figures

Ensuring you are getting the best fit deal

Minimising chances of lenders declining an application

Tracking and supporting your application all the way to key collection

Protecting your mortgage, income and family with tailored insurances

Liaising with your estate agent, surveyor, solicitor and lender to avoid costly delays

Regular contact with your lender to take advantage of better deals

A simplified home buying journey!

Mortgage types

Lets bust some jargon. There are many different types of mortgage out there –  its our job to find you the right match. Here are the main types of mortgages and a brief description of each.

Fixed Rate Mortgage

This is a type of mortgage that provides fixed payments at an agreed interest rate for a defined period. Typically, this could be 2,3 or 5 years however there are options to fix for longer e.g., 10 years.

Tracker Mortgage

A tracker mortgage is linked directly to the Bank of England Base Rate (BoE BR). As the banks rate changes, so will your mortgage rate.

Buy to let Mortgage

This is a type of mortgage specifically used to buy property that you intend to rent out. These can be purchased in either your personal name, or under a limited company name. A tax professional can advise you on which structure is best for you.

Offset Mortgage

This type of mortgage links to your savings account held with the lender. As you save, you will also reduce the interest you pay on the mortgage.

Standard Variable Rate (SVR) Mortgage

This is the lenders default rate. Once your fixed rate ends, if you do not re-fix it will fall off onto your lenders SVR.

Let to buy Mortgage

This is a mortgage you would take if you are intending to turn your current residential property into a rental in order to buy a new home to live in. In this case you would be ‘letting in order to buy’.

Interest Only Mortgage

With this type of mortgage, your monthly payments are only made towards interest on the account. Therefore, the amount you owe does not reduce over time. Because of this, it is important to have a plan in place for repaying the capital at the end of the mortgage term.

Residential Mortgage

This is the type of mortgage you will have if you are buying a property to live in yourself.

*The Financial Conduct Authority does not regulate Buy-to-Let Mortgages.

The home buying process

Getting a mortgage is an important step in the home buying process, but there is a bit more to it than that. To make it as easy as possible, we’ve broken the home buying process down into 8 simple steps. The good thing is, we’ll be right there with you throughout the journey!