Good Life Financial Services NI

Good Life Financial Services NI Good Life Financial Services NI specialises in mortgages & protection policies.

Whether you’re a first time buyer looking for your 1st home, or just someone looking to arrange life insurance, we’ve got you covered.

07/08/2025

Bank of England base rate has dropped from 4.25% to 4%.

Now’s the time to start looking for that mortgage or to talk about your renewal.

Contact us today 😊

Struggling to get your credit score up?Here’s the top 5 ways to help boost your credit rating..
01/08/2025

Struggling to get your credit score up?

Here’s the top 5 ways to help boost your credit rating..

Contact us today for free, no-obligation quote..
29/07/2025

Contact us today for free, no-obligation quote..

🏡 STILL RENTING?The average rent in Northern Ireland is now close to £1,000 per month — and in many cases, that’s more t...
26/07/2025

🏡 STILL RENTING?
The average rent in Northern Ireland is now close to £1,000 per month — and in many cases, that’s more than a mortgage.

Let us show you how owning your own home could cost less than renting.

📲 Message us today for free, friendly advice.

Why you should think twice about closing unused credit accounts like credit cards etc..📲 Message us today for free, frie...
24/07/2025

Why you should think twice about closing unused credit accounts like credit cards etc..

📲 Message us today for free, friendly guidance on improving your credit score - especially if you’re thinking of applying for a mortgage.

Missed a Mortgage Payment? Here’s What HappensMissing one payment doesn’t mean you’ll lose your home - but ignoring it c...
23/07/2025

Missed a Mortgage Payment? Here’s What Happens

Missing one payment doesn’t mean you’ll lose your home - but ignoring it can lead to serious consequences.

Here’s what usually happens:

1️⃣ You’ll be charged a late fee
2️⃣ It gets reported to credit agencies (after 30+ days)
3️⃣ Multiple missed payments = risk of arrears or repossession
4️⃣ Your credit score will take a hit

✅ Don’t panic - speak to your lender or broker early.
There may be support options available, including payment plans or mortgage holidays.

Contact us if you’re struggling - we’re here to help.

23/07/2025

Ready to renew your mortgage deal?

The next Bank Of England meeting is early August with the base rate expected to drop from 4.25% to 4% (this is not confirmed).

It could potentially worth waiting on renewing as you could save money by benefiting from reduced rates should it happen.

22/07/2025

Fixed or Variable — Which Mortgage Rate Is Right for You?

Choosing the right mortgage deal could save (or cost) you thousands. Here’s a quick breakdown:

📌 Fixed Rate – Your monthly payment stays the same - you have peace of mind knowing exactly what your payment is each month
📌 Variable Rate – Your payment can go up or down -

✅ Fixed = certainty
✅ Variable = flexibility (but risk)

Not sure which suits you best? At Good Life Financial Services NI, we’ll guide you through the pros and cons and compare deals from across the market.

Contact us today for more info ℹ️

Self-Employed? You Can Still Get a Mortgage.Being self-employed doesn’t mean you can’t borrow - you just need the right ...
21/07/2025

Self-Employed? You Can Still Get a Mortgage.

Being self-employed doesn’t mean you can’t
borrow - you just need the right documents and lender.

Here’s what you’ll typically need:
✅ 2+ years of accounts or SA302s
✅ Proof of regular income
✅ A healthy deposit
✅ Good credit history (but not always essential)

Whether you’re a sole trader, company director, or contractor - we can help find lenders who understand your income.

📩 Message us for advice tailored to your setup.

21/07/2025

Do You Really Need Life Insurance? Let’s Break It Down.

If someone relies on you financially - partner, kids, or even a mortgage lender - life insurance isn’t a luxury, it’s a necessity.

Here’s why people take out cover:

✅ To protect their family if they pass away
✅ To make sure the mortgage is paid off
✅ To avoid leaving debt behind
✅ To give peace of mind during uncertain times

From just a few pounds a month, you can put proper protection in place.

💬 Message us for a free quote — no complex process, no pressure, no-obligation 👌

🔍 What Actually Affects Your Credit Score - And What Doesn’tYour credit score isn’t about how much you earn - it’s about...
19/07/2025

🔍 What Actually Affects Your Credit Score - And What Doesn’t

Your credit score isn’t about how much you earn - it’s about how responsibly you handle credit. Here’s what matters most:

⸻

✅ 1. Payment History

Have you paid your bills on time? Missed payments and defaults lower your score the most.

✅ 2. Credit Utilisation

Using too much of your available credit (e.g., maxed-out cards) can hurt your score. Aim to stay under 30% of your credit limit.

✅ 3. Age of Credit Accounts

The longer you’ve had credit accounts open — and in good standing — the better. Closing old accounts can sometimes reduce your score.

✅ 4. Types of Credit

A mix of credit (credit cards, personal loans, mobile contracts) shows you’re experienced managing different kinds of borrowing.

✅ 5. Recent Credit Applications

Too many applications in a short time (which trigger “hard searches”) can make you seem financially stretched.

🚫 Doesn’t Affect Your Score:
• Checking your own credit (soft search)
• Your income
• Savings balance
• Race, gender, or location

At Good Life Financial Services NI, we help you understand your credit and find mortgage options that match your circumstances, even if your score isn’t perfect.

✅ Can You Still Get a Mortgage with a Default?Yes — having a default on your credit report doesn’t automatically rule yo...
19/07/2025

✅ Can You Still Get a Mortgage with a Default?

Yes — having a default on your credit report doesn’t automatically rule you out of getting a mortgage.

While high-street lenders may be more cautious, there are specialist providers known as sub-prime lenders who are willing to work with people who have had past credit issues — including defaults, CCJs, or missed payments.

These lenders assess each case individually, looking at:
• How long ago the default occurred
• Whether it’s been settled
• Your current income and affordability
• Your deposit size

💡 Even with a default, a mortgage is still possible. You may face slightly higher interest rates or need a larger deposit, but with the right advice and access to the whole market including sub-prime options, you can still move forward.

At Good Life Financial Services NI, we work with a range of lenders, including those who specialise in higher-risk applicants.

Let’s have a chat and see what’s possible for you.

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Belfast

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