Expert Mortgage Advice & Suitable 30-Year Mortgage Deals For You
Let us put you in touch with expert mortgage advisors who will give you impartial advice and help you find low % 30-year mortgage deals.
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We work with high street and other lenders so you’ll get access to suitable deals that you may be able to apply for.
Why use us?
From the information you provide to us, our experts will search the market and find the most suitable products for you. If you are happy with the product on offer, we will handle all the necessary paperwork for you, including any relevant applications, to ensure that everything runs smoothly for you.
From just a few minutes completing some basic information, we will quickly search for suitable financial products for you.
We’ve helped thousands of customers secure financial products and service so you know that you are in capable hands.
Reduced stress & time saving
Choosing the right financial product is time consuming and can be stressful, so remove much of this by putting it in the hands of one of our financial experts.
Whatever type of financial product or service you are looking for, our service is reliable and always matched to your own personal circumstances.
Whether you’re looking for Mortgage Advice, Loan Advice or Insurance Advice or any other financial product or service, we can help you…
“Did a great job helping us with our mortgage. I would recommend!”
So ... how can we help?
Buying a financial product such as a mortgage can be the biggest decision made in our lives. It is for this reason that impartial advice is critical from qualified advisors.
Find a 30-year mortgage
The typical repayment period of a mortgage is 25 years, but there has been a noticeable increase in the number of first-time buyers taking out 30-year mortgages or longer over the last ten years. Growing financial pressures mean many new house buyers are opting for longer-term mortgages with lower monthly repayments so as to leave them with more money to spend day to day.
If you’re looking for a 30-year mortgage get in touch with our team at Finance Advice Centre. We can offer help and guidance with the mortgage application process and find the best deals and providers to suit your situation.
Advantages of a 30-year mortgage
There are several advantages to taking out a 30-year mortgage including, smaller monthly payments, affordability, and flexibility.
Monthly mortgage repayments – you have a long time to repay your mortgage which makes your payments smaller, but you need to remember that you will be paying more in total by paying interest for longer.
Mortgage affordability – thanks to the lower monthly repayments that come with a longer-term mortgage, opting for one may make a prospective lender feel more certain that it is affordable. Lenders will ask you to provide a number of bank statements and payslips and might also ask questions about your incomings, outgoings, and spending habits.
This could include questions regarding debt, including loans and credit cards, as well as travel costs and even a gym membership. If your monthly mortgage payments are smaller, it’ll be easier to show that you can afford your repayments with money left over for bills and other essentials.
Mortgage flexibility and overpayment – the initial term you choose isn’t set in stone for your entire mortgage. Just because you are taking out a 30-year mortgage now doesn’t mean that’s how long your mortgage will end up lasting. You could choose a shorter-term mortgage if you decide to remortgage, but that will increase your monthly payments.
Taking out a long-term mortgage for the sake of smaller monthly payments might be the right choice for you at first, but that could easily change. For example, you might receive a pay rise at work, could come into money another way or may simply decide to move. All these reasons could mean your mortgage may change and you might even be able to start overpaying. It is certainly worth checking if you are allowed to overpay when you take out your mortgage. A lot of lenders allow you to overpay up to a certain limit, but some won’t.
Disadvantages of a 30-year mortgage
The cost of choosing a longer term
Paying more overall – even though it can be significantly more affordable in the short term to have a longer mortgage, the drawback is your total repayment will be more expensive as you will pay more interest and 30-year mortgage rates will be higher. If you choose to go for a long-term mortgage, it is a good idea, if you can afford it, to make overpayments as and when you are able to. This will help to reduce the amount you owe quicker.
The longer term – although having a 30-year mortgage might appear to be the safest option in terms of affordability, it can be trickier to manage if you ever have difficulty making your repayments. In the past mortgages tended to have lasted for a maximum of 25 years. Therefore, if a homeowner ever had problems with repayments their bank could extend the term, meaning the monthly payments become more affordable.
However, if you are already in a position where your mortgage is as long as your lender is willing to make it, you might not be able to extend the term. This could put you in a difficult situation, particularly if you are an older person taking out a longer mortgage. A bank might not be prepared to extend a mortgage into your old age when you may have retired.
Our approach - and how we do it
We love speaking with our clients. Either give us a call or fill in one of our contact forms. Remember, we love a challenge!
One of our Advisors will then find out what you’re looking to do, discuss your options and answer any questions you may have.
Your Advisor will find the best option for you and help arrange things. You then sit back and relax while we do the rest.
Ready to assist you.
Choosing a financial product or service, such as a mortgage, remortgage, loan or insurance can be daunting and your choice is a decision you need to get right. For this reason, it is vital that you get impartial advice from competent and qualified advisors. Whether you are a first-time buyer, looking to remortgage, hoping to remortgage or even buy a property to let, needing a loan or insurance this is where our advisers excel.
Be reassured that our aim is to guarantee reliable financial advice appropriate to any individual that makes contact with us. Through our network of contacts, we have access to thousands of financial products, from mortgages to loans to insurance, so we are confident that we’ll find one to suit you.
Can you get a 30-year fixed rate mortgage?
A fixed rate term applies to a specific length of time within the overall term of the mortgage. For example, you could take out a mortgage for a total period of 30 years with an initial fixed rate term of five years. This means that for the first five years you can enjoy the benefits of a fixed interest rate. If at the end of this time you don’t switch to a different deal, the mortgage will usually revert to the lender’s SVR for the 25 years that are left on the mortgage.
However, once the five-year fixed period is over, you are able to look for another fixed term deal, you can do this at the end of each fixed period until the mortgage is repaid. So, in answering the question, there are currently no products available offering 30-year fixed mortgage rates. At the moment the longest fixed rate mortgage deal you are likely to find in the UK is for 15 years.
As a mortgage is secured against your property, it may be repossessed if you do not keep up the mortgage repayments. Think carefully before securing other debts against your home.
See what our customers think ...
I would highly recommend the mortgage advice service Alice Hale was amazing throughout she is a credit to your organisation and helped us secure our dream home
We had a long journey buying our first home together and recent pandemic events didn’t help matters. Every step of the way, our advisor Steve was supportive, positive and we had every confidence in him. He was able to arrange a good deal for us and we were able to move into our dream house this autumn.
I used George from the finance advice centre to get my mortgage, and he was nothing but amazing! Talked me through every step, always easy to get hold of ! And got me a brilliant product I would highly recommend him, just brilliant 5 stars from me
What a Fantastic Service from start to finish. Great customer support from Ben Patten & Joe Frayne, superb product knowledge and exceptionally responsive to emails/calls, we can 100% recommend the Finance Advice Centre Ltd , they got us a great deal on a mortgage with suited life insurance, especially during this very difficult Covid 19 time ……
From start to finish, Greig and Emily were very helpful with our mortgage application. The advice Greig gave us was very clear and informed. They were always available either by phone or email to answer any questions we had. The whole process was made a lot easier because of the work they did. Would thoroughly recommend
Let us do the work of finding your mortgage
We’ll put you in touch with impartial advice from an expert mortgage advisor who will help secure you the best mortgage deals available.