Finance Advice Centre - Ilkeston

Finance Advice Centre - Ilkeston Expert Mortgage and Protection Advice from a local company for local people. Feel free to contact us

Why use a broker when you can do it yourself!!…….I can think of one reason!!!🤷‍♂️🤷‍♂️🤷‍♂️
14/02/2024

Why use a broker when you can do it yourself!!…….

I can think of one reason!!!
🤷‍♂️🤷‍♂️🤷‍♂️

11/11/2023

"They shall grow not old, as we that are left grow old.
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them".

Today, we're diving into a topic that's been on many minds: "Will missed payments affect my mortgage?" First things firs...
14/07/2023

Today, we're diving into a topic that's been on many minds: "Will missed payments affect my mortgage?"

First things first, we totally understand that life happens, and sometimes unexpected circumstances can lead to missed payments. But what does it mean for your new mortgage application?

Lenders typically assess your creditworthiness when considering your mortgage application. They take into account various factors, and your payment history is one of them.

If you've missed payments on previous loans, credit cards, or even your existing mortgage, it can indeed impact your credit score. And since your credit score plays a crucial role in mortgage approvals, it's important to address missed payments sooner rather than later.

Each lender has its own criteria and guidelines, and they consider the full picture. They'll assess your overall financial situation, income, employment stability, and other relevant factors. So, even with missed payments, you might still be eligible for a new mortgage.

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.

Call us on 01157 940247

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

Considering renewing your mortgage? Before you look to remortgage, it's essential to be prepared and make informed decis...
06/07/2023

Considering renewing your mortgage? Before you look to remortgage, it's essential to be prepared and make informed decisions! Here are some important steps you can take before renewing your mortgage:

• Evaluate your financial goals: Take a moment to reflect on your long-term plans. Are you looking to pay off your mortgage early? Are you considering renovations or consolidating debt? Understanding your goals will help shape your mortgage renewal strategy.
• Review Your Current Mortgage: Take a close look at your existing mortgage terms, interest rate, and remaining balance. Understanding where you stand will help you plan better for the renewal.
• Assess Your Financial Situation: Evaluate your financial health and changes that may have occurred since you first took out your mortgage. Consider factors like income changes, new debts, or significant life events.
• Current Debt: Are you in a position to reduce the debt on your current credit commitments. This may help mitigate any potential increases in new monthly mortgage payments.
• Review your credit score: A good credit score can make a significant difference in your mortgage terms. Check your credit report for any errors or areas that need improvement. Taking steps to boost your credit score can help you secure a better interest rate when renewing your mortgage.
• Gather Necessary Documents: Ensure you have all required documents, such as proof of income, bank statements, and identification, to streamline the mortgage application 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. Call us on 01157940247.

*As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments*
‘Think carefully before securing other debts against your home’

Average household remortgage to rise by nearly £3,000 next year. Hold onto your wallets! Prepare for an increase as the ...
30/06/2023

Average household remortgage to rise by nearly £3,000 next year.

Hold onto your wallets! Prepare for an increase as the annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year. Stay ahead of the curve and plan your finances accordingly.

Rates are now expected to peak, in mid-2024, at nearly six per cent, according to a think tank.

Navigating the world of remortgaging can be complex, but you don't have to do it 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.

Call on 01157 940247

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

Source: https://shorturl.at/mwCKM

Do you know when your current fixed rate mortgage deal is up for renewal?Time flies when you're having fun, and that exp...
28/06/2023

Do you know when your current fixed rate mortgage deal is up for renewal?

Time flies when you're having fun, and that expiry date will be here before you know it.

Your mortgage renewal date is a crucial milestone. Remember, it's never too early to start preparing. Stay ahead of the game and secure the most suitable option for your financial stability.

If you let your mortgage slip onto your lenders standard variable rate, it could end up costing you thousands extra each year in interest.

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.

Call 01157 940247

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

The Bank of England base rate has increased again today by 0.5% to 5.0%. It's highest level in 15 years.➡ This is the 13...
22/06/2023

The Bank of England base rate has increased again today by 0.5% to 5.0%. It's highest level in 15 years.

➡ This is the 13th increase in interest rates in a row, in an aggressive tightening cycle from the BoE, and would take borrowing costs to the highest level since April 2008.

➡ This week is was announced that the inflation rate remained at 8.7% for May 2023, and the bank’s target rate for inflation is 2%.

➡ How will this impact your mortgage?
If your mortgage is not on a fixed rate your monthly payments could soon increase.

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*

Inflation source: https://shorturl.at/eIOT2
Base Rate source: https://shorturl.at/pBJUX

Poor Credit Score Holding You Back? ✅Bad Credit?✅CCJ?✅Default?✅Payday Loans?✅Debt Management Plan?✅IVA?✅Bankruptcy?✅Miss...
12/06/2023

Poor Credit Score Holding You Back?

✅Bad Credit?
✅CCJ?
✅Default?
✅Payday Loans?
✅Debt Management Plan?
✅IVA?
✅Bankruptcy?
✅Missed Payments?
✅Self Employed?

The good news is that it still could be possible to get a mortgage if your bank said no because of your income type or poor credit, but it’s trickier than it would be if you had a perfect credit score.

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*

Nearly a third of key workers and self-employed have been rejected for a mortgage Around 30 per cent of key workers had ...
07/06/2023

Nearly a third of key workers and self-employed have been rejected for a mortgage

Around 30 per cent of key workers had been turned down for a mortgage and 28 per cent of self-employed people had been rejected, according to a report.

Nearly a third, 32 per cent, said a barrier to applying for a mortgage was the fear of being rejected and around 29 per cent said they had felt discriminated against by a high street mortgage lender or bank due to their employment status or income streams.

This rises to 39 per cent of those with poor credit and 59 per cent of those who had been rejected for a mortgage.

Have you been rejected for a mortgage because you are a Key Worker, Self Employed or Poor Credit?

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*

Source: https://shorturl.at/dkmJ8

Wondering if it's possible to secure a mortgage with a default on your record? Look no further!Good news! You CAN still ...
06/06/2023

Wondering if it's possible to secure a mortgage with a default on your record? Look no further!

Good news! You CAN still obtain a mortgage, even with a default!

It is trickier than it would be if you had a perfect credit score. However, there are lenders who understand that circumstances change and are willing to help you achieve your dream of homeownership.

With our expertise in handling mortgage applications for individuals with defaults, we'll provide you with the expert guidance you need. Our dedicated team of mortgage brokers will assess your unique situation and work tirelessly to find the perfect mortgage solution for you.

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*

What we love to see!!Well done Josh, a great start to your career with us!
11/04/2023

What we love to see!!
Well done Josh, a great start to your career with us!

08/04/2023

Happy Easter to all our clients, friends and families

Address

Ilkeston
DE75GF

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 6pm
Saturday 10am - 4pm

Website

Alerts

Be the first to know and let us send you an email when Finance Advice Centre - Ilkeston posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Finance Advice Centre - Ilkeston:

Shortcuts

Share

Category