What is Support for Mortgage Interest?

What is Support for Mortgage Interest?

Support for Mortgage Interest – usually foreshortened to SMI – is a fairly new Government-sponsored initiative that is aimed at supporting some of the burden of repayment, in the form of financial aid. Designed to help those most in need and receiving benefits, the UK Government website states that “If you’re a homeowner getting certain income-related benefits you might be …

Getting more from Buildings and Contents Insurance

Getting more from Buildings and Contents Insurance

Having spent a significant amount of money to secure your property in the first instance, off course you are going to want to ensure that it is well protected.  Whilst being in possession of home and contents insurance isn’t compulsory, it is often a requirement of having a mortgage and is a highly recommended piece of protection.  Your home is …

How to reduce your monthly mortgage payments

How to Reduce Your Monthly Mortgage Repayments.

With an ever-increasing squeeze on household budgets taking hold and the prospect of an interest rate rise looming, taking care of the essential bills becomes ever more important.  Probably the most important of these is your mortgage, the bill that keeps a roof over your head. Making sure that this is paid on time is imperative.  With the mortgage generally …

Grange Mortgages continues NTFC Community Trust partnership

In 2017, we announced we’d be commencing a partnership with the NTFC Community Trust, building awareness of the work the Community Trust does to promote our services across Northampton. Managing Director, Daniel Mumford, was invited by the Community Trust to attend a Northampton Town home league game in December to be presented with a shirt, showing appreciation for Grange Mortgages’ …

Help to Buy Scheme helps thousands

Help to Buy Scheme helps thousands get on property ladder

The Help to Buy scheme was launched in 2013 as a means of helping people get on to the property ladder, or to move up the property ladder. Since its launch, new figures show it has helped secure 140,000 homes for 350,000 people. The government scheme works by helping buyers secure a new build property with as little as 5% …

Secure today’s mortgage rate for the next 6 months

The Bank of England raised interest rates in late 2017 and the indication is that we can expect more rate rises in 2018, albeit at a relatively slow and steady pace. What some homeowners with mortgages may not be aware of, is that many mortgage lenders are offering deals which help to lock in interest rates for up to 6 …

Grange celebrates another fantastic year

It has been a brilliant 2017 for the team at Grange Mortgages. We’ve helped more customers than ever, securing more borrowing this year than ever before and helping families secure their dream home. In 2017, we’ve transacted with over 1300 customers and helped to secure £285 million pounds of borrowing, helping our clients to move on to the property ladder …

Stamp Duty incentive for first-time buyers

The big news in this week’s Budget for the housing market is that Chancellor, Philip Hammond is giving a stamp duty tax break for first-time buyers. The Chancellor’s argument is that a stamp duty break provides an incentive for first-time buyers to save for a deposit on a home. Sceptics claim that the scrapping of stamp duty for first-time buyers …

We celebrate 1 year of Grange Will Writing

In October 2016, we launched our sister company Grange Will Writing Ltd. We celebrate one year of offering this crucial service to our customers. A Will is one of the most important steps you can take to protect your family. And it’s never too early to begin the process of writing and securely storing a Will. A Will is there …