FinanceAdviceCentre

Whole of Market Mortgage, Loan & Insurance Advisors. Honest & Practical Advice striving to provide 100% Customer Satisfaction. Advisors across the UK.

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How Credit Card Balances Affect Borrowing Power

Credit card balances can have an impact on how much you’re able to borrow.

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As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

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How Much Deposit Do First-Time Buyers Typically Have?

There isn’t one set deposit amount for first-time buyers.

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As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

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Common First-Time Buyer Mistake: Applying Too Early

One of the most common mistakes we see from first-time buyers is submitting a mortgage application before getting proper advice.

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What Does “Porting a Mortgage” Mean?

Porting a mortgage means transferring your existing mortgage deal to a new property when you move home.

In simple terms, you keep your current rate and product, subject to lender approval.

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What Is a Mortgage Valuation (and What It Isn’t)?

A mortgage valuation is carried out for the lender, not the buyer.

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As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

[FinanceAdviceCentre @FACnews]

Why Lenders Care About Your Bank Statements

When you apply for a mortgage, lenders will usually ask to see recent bank statements.

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What Is a Product Transfer?

A product transfer is when you switch to a new mortgage rate with your current lender, without moving to a new lender.

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https://t.co/4GIN0RTg5h

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Mortgage Myth: Self-Employed Means Higher Rates

Being self-employed doesn’t automatically mean you’ll pay a higher interest rate.

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Mortgage Myth: You Can’t Get a Mortgage While on Probation

Being on probation doesn’t automatically rule you out of getting a mortgage.

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Exchange vs Completion: What’s the Difference?

These two dates mean very different things.

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As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

[FinanceAdviceCentre @FACnews]

Mortgage Fees Explained

It’s not just the interest rate that matters.

When taking a mortgage, there can be a few different costs involved.

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Mortgage Term vs Fixed Rate Term

These are often confused.

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As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

[FinanceAdviceCentre @FACnews]

Freehold vs Leasehold

Freehold and leasehold sound similar, but they’re very different.

More Info:
https://t.co/jJy0IJLTlI

As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

[FinanceAdviceCentre @FACnews]

Early Repayment Charges (ERCs)

An Early Repayment Charge is a fee some lenders apply if you change or repay your mortgage during a fixed or discounted period.

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https://t.co/9POi87Zr4i

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Agreement in Principle (AIP) Explained

An Agreement in Principle is often the first step for first-time buyers.

More Info:
https://t.co/rfQwS0C5sV

As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

[FinanceAdviceCentre @FACnews]

Mortgage Jargon Explained: The Basics

When you start looking into a mortgage, the language can feel overwhelming.

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https://t.co/82crXZN31a

As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments

[FinanceAdviceCentre @FACnews]

Remortgaging in 2026? Don’t Wait Until the Last Minute

If your current mortgage deal ends in 2026, it’s worth reviewing your options well before the end date.

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Christmas spending and mortgage affordability

December spending can creep up quickly.

Short term credit, BNPL and overdrafts can all affect affordability assessments if left unmanaged.

More Info:
https://t.co/ldfbC3j9nD

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Thinking of moving in the New Year? Start earlier than you think!

If a move is on your radar for early next year, the groundwork often starts weeks earlier than people realise.

More Info:
https://t.co/vm7CiCVJk4

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A CCJ doesn’t automatically stop you from getting a mortgage.

Lenders look at the full picture, including how old the CCJ is, your credit report as a whole, your income, your deposit and the property you’re aiming for.

More Info:
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