Mark Wallbank

23/04/2026

How Day Rate Contractors Are Assessed by Lenders

Day rate contractors are often assessed differently from standard employed applicants.

Instead of a fixed salary, lenders may look at:
• Your daily rate
• The number of days worked per week
• The length and continuity of contracts
• Your track record in the same industry

Some lenders will annualise your day rate to estimate income, while others may take a more cautious approach.

Understanding how different lenders assess contractor income can make a significant difference to the outcome.

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

Contact me today for your free mortgage consultation. Call 07507514277 or feel free to inbox me.

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

01/04/2026

Why Lenders Ask So Many Questions

It can sometimes feel like lenders are asking a lot of questions during a mortgage application.

This is usually because they need to:
• Confirm your income and outgoings
• Check the mortgage is affordable long term
• Meet regulatory and compliance requirements
• Ensure all information provided is accurate

These checks are there to protect both you and the lender.

Providing clear and complete information early on can help keep things moving smoothly.

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

Contact me today for your free mortgage consultation. Feel free to inbox me or call me on 07507514277.

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

19/03/2026

How Estate Agents Check If You’re a Serious Buyer

When you make an offer on a property, estate agents will usually check whether you’re in a position to proceed.

They may ask for:
• An Agreement in Principle (AIP)
• Proof of deposit
• Confirmation of your mortgage position
• Details of your chain status

This helps the seller understand how likely the purchase is to go through.

Being prepared with the right information can make your offer stronger and help avoid delays.

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

Contact me today for your free mortgage consultation. You can inbox me or call me on 07507514277.

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

19/01/2026

Mortgage Myth: You Need 3 Years of Accounts

This is a common misunderstanding for self-employed applicants.

Most lenders typically ask for 2 years of tax returns or accounts, not three.

How income is usually assessed:
- Many lenders take an average of the last two years
- Some will use the latest year if it’s lower
- A smaller number of lenders may use the latest year only, depending on the circumstances

This is why lender choice matters, especially if your income has changed recently.

Getting this right before applying can make a real difference to the outcome.

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

Contact me today for your free mortgage consultation. Call me on 07507514277 or inbox me.

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

31/12/2025

Happy new year to everyone. In a year of ups and downs. I would like to give thanks to all my customers for this year and anyone else for support and their recomendations. I really do appreciate it. I also look forward to helping many others in the future. Homemoving, health, and happiness to everyone. Have a great 2026.

25/11/2025

Defaults on Your Credit File? Here’s What They Mean for Your Mortgage Options

A default is more serious than a missed payment, but it doesn’t mean you can’t get a mortgage.
Lenders look at how many defaults you have, how recent they are, the amounts involved, and whether they’ve been settled.

Defaults that are more recent will usually limit your options more than older ones. As defaults age and your recent account conduct improves, specialist lenders tend to take a more flexible view, especially if the amounts are lower and everything else on your credit file has been kept up to date.

If you still owe money on a default, it’s worth speaking to the creditor to discuss repayment or settlement arrangements, as this can sometimes strengthen your application.

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

Contact me today for your free mortgage consultation. Call me on 07507514277 or inbox me.

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

12/11/2025

Savills has halved its house price growth predictions, expecting slower rises in 2026 due to higher interest rates and economic uncertainty. But for buyers and movers, this could actually bring opportunity.

With prices growing more gradually and lenders adjusting affordability models, the next 12 months could be an ideal window to review your mortgage options — especially if you’re remortgaging or have been waiting for rates to settle.

I can help you understand how the latest forecasts and rate changes could affect your affordability, deposit, and future payments.

At Finance Advice Centre we are whole of market. This means I can access every deal on the market & will recommend the most suitable one available to you.
Contact me today for your free mortgage consultation. Call me o. 07507514277 or feel free to inbox me.

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

Source:

Savills has halved its house price growth predictions due to worsening buyer sentiment and concerns about the economy and tax environment. The estate

14/10/2025

Critical Illness Cover — because recovery shouldn’t mean financial stress

A serious illness can change everything, your priorities, your ability to work, and your household income. The last thing anyone should have to worry about during recovery is money.

Critical Illness Cover pays out a lump sum if you’re diagnosed with a specified serious condition such as cancer, a heart attack, or a stroke. That payment can give you the financial freedom to focus on what matters most, your health and your family.

Whether it’s used to cover everyday bills, reduce debts, pay for treatment, or simply allow time to recover, it gives you breathing space at a time when you need it most.

👉 Speak to me today to find out how Critical Illness Cover can help protect your finances, your health, and your peace of mind.

Call me on 07507514277 or feel free to inbox me

30/08/2025

Do I Have to Use the Estate Agent’s Mortgage Broker?

When you put an offer on a property, estate agents often suggest — or sometimes push — you to use their in-house mortgage broker. But here’s the truth: you’re under no obligation to use them.

While an estate agent’s broker might be convenient, they’re usually limited in the lenders they can access. That could mean you miss out on a better deal elsewhere. An independent, whole-of-market broker has access to a much wider range of lenders — including specialist ones that estate agent brokers may not work with.

Choosing your own advisor means your mortgage is based on what’s right for you, not what’s convenient for the estate agent. We’ll make sure you’re matched with the most suitable deal available on the market.

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

Contact me today for your free mortgage consultation. Feel free to call me on 07507514277 or inbox me.

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

24/08/2025

What’s the Difference Between a Mortgage Term and a Fixed Rate Period?

It’s easy to confuse the mortgage term with the fixed rate period — but they’re two very different things.

Mortgage term: The total length of time you take the mortgage over — e.g. 25 or 30 years.

Fixed rate period: The initial period where your interest rate stays the same — e.g. 2, 3, or 5 years — before it changes to the lender’s standard rate.

Your fixed rate period will usually be much shorter than your mortgage term, and when it ends, you’ll often want to remortgage to avoid higher payments. We’ll help you choose both a term and a rate that fit your goals and budget.

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

Contact me today for your free mortgage consultation. Please feel free to inbox me or call me on 07507514277

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

02/08/2025

First-Time Buyer with Bad Credit? You’re Not Alone.

Many first-time buyers worry that past credit issues will stop them from getting on the property ladder.

The good news is that there are lenders who specialise in helping first-time buyers with bad credit, whether it’s missed payments, defaults, or CCJs.

I will help you understand your affordability, review your credit report, and guide you on how to position your application for success.

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

Contact me today for your free mortgage consultation. Contact me by calling 07507514277 or inbox me.

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

17/06/2025

Can My Mobile Phone Contract Affect My Mortgage?

You might not think of a mobile phone as credit — but lenders do. A missed payment on your phone bill could show as a default and reduce your mortgage options.

If you’ve had any recent blips, we’ll help assess how serious it is and what lenders may still consider your application.

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

Contact me today for your free mortgage consultation. Feel free to call me on 07507514277 or inbox me. .

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