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Finance Advice Centre

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Finance Advice Centre

FCA Number 649957. Who are we? Honest & Practical Advice with 100% Customer Satisfaction Guaranteed. Advisors across the UK.
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Finance Advice Centre provide expert advice on Mortgages, Loans, Life Insurance, Critical Illness Cover, Income Protection and Buildings & Contents Home Insurance. Founded in 2014, Finance Advice Centre provide expert advice on Mortgages, Loans, Life Insurance, Critical Illness Cover, Income Protection & All Business Insurances.

10/06/2026

Why Some Lenders Want More Than 3 Months' Bank Statements

Whilst many lenders ask for 3 months' bank statements, some may require a longer history.

This is more common where:
• Income varies from month to month
• Overtime, bonuses or commission are involved
• The applicant is self-employed
• Additional affordability checks are needed

Looking at a longer period helps lenders build a clearer picture of income and spending patterns.

Every lender has slightly different requirements, which is why document requests can vary from case to case.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

08/06/2026

Why Mortgage Deals Can Disappear Quickly

Seen a mortgage rate advertised one day and gone the next?

Mortgage products can be withdrawn or changed at short notice for a variety of reasons, including:
• Changes in market conditions
• Changes in funding costs
• High demand from borrowers
• Lenders reaching lending targets

This is why a rate available today may not be available tomorrow.

If you've found a suitable deal, it's often worth acting promptly rather than assuming it will still be there weeks later.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

05/06/2026

Soft Credit Check vs Hard Credit Check

Not all credit checks are the same.

A soft credit check allows a lender to review some information on your credit file without leaving a visible footprint that affects future applications.

A hard credit check is more detailed and is usually carried out when you submit a full application. This search will normally be visible on your credit report.

In simple terms:
• Soft search = initial assessment
• Hard search = formal application stage

Understanding the difference can help you feel more confident when exploring your mortgage options.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

03/06/2026

Why Different Lenders Offer Different Borrowing Amounts

Have you ever wondered why one lender might offer £250,000 while another offers £300,000?

Every lender uses its own affordability model.

They may assess things differently, including:
• Income sources
• Overtime, bonuses and commission
• Existing credit commitments
• Household expenditure
• Future affordability stress tests

As a result, the maximum borrowing available can vary significantly between lenders.

This is why it's important to look beyond a single lender when exploring your options.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

01/06/2026

Why Applications Can Be Declined After an Agreement in Principle

An Agreement in Principle (AIP) is a useful first step, but it isn't a guarantee that a mortgage will be approved.

An AIP is usually based on limited information and initial checks.

Once a full application is submitted, the lender will carry out:
• Detailed affordability checks
• Full credit assessment
• Document verification
• Property valuation
• Underwriting review

This means it's possible for a lender to reach a different decision once all the information has been assessed.

An AIP is a good indication, but the full application is where the final decision is made.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

29/05/2026

What Is Loan to Value (LTV)?

Loan to Value, often shortened to LTV, is the percentage of the property value you’re borrowing.

For example:
• A £180,000 mortgage on a £200,000 property would be 90% LTV
• The remaining 10% would usually come from your deposit

LTV matters because it can affect:
• The mortgage rates available
• Which lenders may consider the application
• The overall options available to you

In general, a larger deposit often means lower LTV and access to more competitive products.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

27/05/2026

Why Available Credit Still Matters

Even if you don’t actively use your credit cards or overdrafts, lenders may still take them into account.

This is because available credit can affect how lenders assess overall financial commitments and risk.

They may consider:
• Total credit limits available
• Existing balances
• Potential future borrowing exposure

In some cases, large unused credit limits can influence affordability calculations.

It’s another example of why mortgage assessments look at the wider financial picture, not just income alone.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

25/05/2026

What Is a Gifted Deposit Letter?

If part of your deposit is being gifted by family, most lenders will ask for a gifted deposit letter.

This is used to confirm:
• Who the gift is from
• That the money is a genuine gift
• That it does not need to be repaid
• That the person gifting the funds won’t have an interest in the property

Lenders usually require this as part of their checks before the mortgage completes.

Having this prepared early can help avoid delays later in the process.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

22/05/2026

Why Some Properties Are Harder to Mortgage

Not all properties fit every lender’s criteria.

Some property types can be more difficult to mortgage, including:
• Flats above commercial premises
• Non-standard construction properties
• Short leasehold properties
• Some ex-local authority homes

This is usually because certain properties are seen as higher risk or harder to resell if the lender ever needed to recover the loan.

Different lenders have different property criteria, which is why lender choice can be especially important in these cases.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

20/05/2026

What If You Change Jobs During a Mortgage Application?

Changing jobs during a mortgage application doesn’t always mean the application will fail, but it can affect how a lender assesses the case.

Lenders may review:
• Your new salary and contract
• Whether the role is permanent
• Any probation period
• Stability within the same industry

Some lenders are more flexible than others when it comes to employment changes during the process.

This is why it’s important to update your broker or lender if your circumstances change.

At Finance Advice Centre we are whole of market. This means we can access every deal on the market & will recommend the most suitable one available to you.

Contact us today for your free mortgage consultation.

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

Address

17 Prime Parkway
Derby
DE13QB

Opening Hours

Monday	9am - 8pm
Tuesday	9am - 8pm
Wednesday	9am - 8pm
Thursday	9am - 8pm
Friday	9am - 5pm

Telephone

+441332821340

Website

https://financeadvicecentre.co.uk/

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