Critical Illness

Could you afford to keep your home if you became critically ill?

As well as finding a mortgage to buy your new home, our job is to make sure you can afford to keep it should the worst happen. Life-changing events happen to people every day. Perhaps they receive a critical illness diagnosis, or have an accident that turns their life upside down. If this happened to you, we want you and …

Grange U9

We team up with NTFC and Grange Park U9s

Grange Mortgages teams up with Northampton Town Football Club as their official Mortgage Partner for season 2017/18 and also agrees to sponsor our local children’s team, Grange Park Rangers U9’s for the next 2 seasons. We’re very excited to say that we at Grange Mortgages have proudly teamed up with Northampton Town Football Club as their Official Mortgage Partner for …

House Purchase Process

A Guide to the House Purchase Process

The house purchase process is exciting, demanding and potentially frustrating. There’s a lot to consider, not just financially, but emotionally too. Looking for a ‘dream home’ can easily become stressful if you start making mistakes early in the process. We’re knowledgeable about the house purchase process, so here’s our handy guide on what to expect. Step 1 – Find a …

Are interest rates likely to rise?

The golden rule of interest rates: wherever the US goes, the UK tends to follow. So it’s not surprising that while we’re seeing rates rise in the US – with their base rate rising to 1.25% this month (June 2017), and expected to rise again soon – those in finance are getting jittery about the UK’s position. Do interest rates …

Bank of Mum and Dad

The “Bank of Mum and Dad” is officially the UK’s ninth biggest lender

Every parent wants to see their children succeed and fly the coop at some point, and for young people, owning a home is a dream, a major step into adulthood and financial independence. However, while previous generations were able to easily secure mortgages from banks, now children are increasingly looking to the “Bank of Mum and Dad” (Bomad) to help …

How does a mortgage work exactly?

Unless you are fortunate enough to have the cash in the bank, a mortgage will be a necessary requirement in order to buy your own a house, and getting the right mortgage in place will be the first crucial step to that dream of home ownership. Put simply when you buy a home using a mortgage you agree to pay …

Standard variable rate

Is now the right time to switch from your standard variable rate mortgage?

With Article 50 triggered, two years of negotiations to wade through and now a General Election on the horizon, there is a big question mark over the future of Britain’s economy. Markets react well to stability and have a direct knock-on effect on our housing prices and interest rates. With this in mind, is now the time to change your …

What impact does Brexit have on the UK housing market?

As Theresa May this week confirmed the triggering of Article 50, so begins a 2-year period of questions and uncertainty. The chief concern for homeowners being “what impact will Brexit have on the value of my home and the cost of my mortgage?” There has been an impact on the housing market since the referendum vote last year. In London, …

Budget 2017

First-time buyers and housing shortages given no mention in The Budget

Several weeks ago the Government published a white paper about the state of the housing market and concluded that it was “broken” and despite this there was no mention of housing or help for first time buyers in The Budget. Given the shortage of affordable housing, particularly for first time buyers, we might have expected to see the introduction of …