What is Finance Magic?

Finance Magic is a UK-based financial platform that helps users track, plan, and grow their wealth. It offers free credit reports, expert advice on various mortgages (residential, buy-to-let, commercial), loans, and insurance solutions. It is fully authorized and regulated by the Financial Conduct Authority (FCA).

How can I get my credit score with Finance Magic?

You can get your free credit score and report in minutes by downloading the Finance Magic app or visiting the website. The platform uses a feature called 'credit matrix' to provide this service.

What types of mortgages does Finance Magic offer advice on?

Finance Magic provides expert advice on a wide range of mortgages, including Residential mortgages, Residential remortgages, First-time buyer mortgages, Buy-to-let mortgages, Buy-to-let remortgages, Commercial mortgages, Home mover mortgages, and First-time landlord mortgages.

What is the typical process for getting a mortgage through Finance Magic?

The mortgage process typically involves several steps: getting a Mortgage in Principle, preparing necessary documents (ID, income proof), submitting your application, appointing a solicitor/conveyancer, arranging a property survey, exchanging contracts, and finally, completion day when you receive the keys.

How are mortgage rates decided in the UK?

Mortgage rates in the UK primarily follow the Bank of England’s base rate. When the base rate changes, mortgage rates usually adjust. Other factors include your Loan-to-Value (LTV) ratio (smaller deposit = higher LTV = higher rates) and the length of your mortgage term.

What is Loan-to-Value (LTV) and why is it important for mortgages?

Loan-to-Value (LTV) measures how much of your home’s value is covered by your mortgage. It's calculated as (Mortgage Amount ÷ Property Value) × 100. A lower LTV, typically achieved with a larger deposit, usually results in lower interest rates, more lender choice, and better approval odds, as lenders view it as less risky.

What deposit is typically required for a buy-to-let mortgage?

Most lenders require a minimum deposit of 20% to 25% for a buy-to-let mortgage. However, more competitive interest rates are often available if you can provide a larger deposit, typically 30% or more.

Can I live in a property with a buy-to-let mortgage?

No, a buy-to-let mortgage is strictly for properties intended to be rented out to tenants. If you plan to live in the property, you would need a residential mortgage. Switching the property's use without informing your lender could breach your mortgage terms.

What is a commercial mortgage and who can apply for one?

A commercial mortgage is a specialist loan secured against property used for business or investment purposes, such as offices, warehouses, or retail units. It's available to limited companies, sole traders, partnerships, and property investors, whether they are owner-occupiers (using the property for their own business) or investors (renting it out to other businesses).

Does Finance Magic charge broker fees for mortgage services?

While Finance Magic states it will always be transparent if any broker fees apply, the provided content indicates that arrangement/booking fees, valuation fees, and legal fees are typically charged by lenders or third parties. For buy-to-let mortgages, it explicitly mentions that a broker fee 'may apply in some cases' for specialist advice and whole-of-market access.

What are the operating hours for Finance Magic's mortgage specialists?

Finance Magic's mortgage specialists are available from Monday to Friday, 9:00 am - 5:30 pm.

Finance Magic: Free Credit Score, UK Mortgages & Financial Advice

Finance Magic Overview

Finance Magic is a leading UK-based financial technology platform designed to empower individuals and businesses to take control of their financial future. It provides a secure, all-in-one solution for tracking, planning, and growing wealth. Users can access free credit reports and scores, obtain expert advice on a wide range of mortgage products, explore various loan options, and secure essential insurance coverage. The platform emphasizes personalized guidance and whole-of-market access to ensure users find financial solutions tailored to their unique needs and goals. Finance Magic is fully authorized and regulated by the Financial Conduct Authority (FCA), ensuring professional and trustworthy services for its users across the UK.

How to use Finance Magic

To use Finance Magic, individuals can start by downloading its mobile app or visiting the website. For immediate financial insight, users can get their free credit score and report in minutes using the 'credit matrix' feature. For more complex needs such as mortgages, loans, or insurance, users can request a quote or schedule a call back from expert advisers directly through the platform. The typical process for services like mortgages involves an initial consultation, gathering necessary documents (ID, income proof), submitting the application, appointing a solicitor, arranging a property survey, exchanging contracts, and finally, completion. Finance Magic also offers online tools like mortgage and stamp duty calculators to assist with financial planning.

Core Features of Finance Magic

Free Credit Score and Reports via 'credit matrix'
Comprehensive Mortgage Advisory Services (Residential, Buy-to-Let, Commercial, First-Time Buyer, Remortgage, Home Mover, First-Time Landlord)
Access to Various Loan Types (Bridging, Development, Commercial)
Expert Insurance Advice (Life Insurance, Accidental Protection)
Whole-of-Market Access for Mortgage Comparisons
Personalized Financial Guidance from FCA-Regulated Advisers
Online Mortgage and Stamp Duty Calculators
Referral Program for Earning Rewards
Dedicated Mobile Application

Use Cases for Finance Magic

Finance Magic is an invaluable tool for first-time homebuyers navigating the complexities of the UK mortgage market and available government schemes. Homeowners can use it to explore remortgaging options for better rates or to release equity. Property investors, from new landlords to those managing extensive portfolios, can leverage specialist buy-to-let and commercial mortgage advice. Individuals looking to improve their credit score, secure appropriate life or accidental protection insurance, or explore various loan options for personal or business growth will find the platform highly beneficial. Essentially, anyone seeking to manage their financial health and make informed decisions about significant financial commitments can utilize Finance Magic.

Advantages of Finance Magic

The key advantages of Finance Magic include its holistic approach to financial services, providing a single, secure platform for credit reports, mortgages, loans, and insurance. Its 'whole-of-market access' for mortgages ensures users receive unbiased comparisons and are matched with the most competitive deals available in the UK. The platform's FCA-regulated expert advisers offer personalized, jargon-free guidance, simplifying complex financial decisions and making the process faster and less stressful. The free credit score feature empowers users to proactively monitor and enhance their financial standing, while the referral program provides an additional benefit for active users.

Finance Magic FAQ

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Latest traffic

Monthly visits5.9K

Avg visit duration19:02

Pages per visit6.37

Bounce rate28.8%

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Rising+14.9%vs previous month

Updated at 2026-06-15

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Finance Magic Categories

Credit Scoring Insurance Services Loan Brokerage Mortgage Planning Wealth Growth

Finance Magic Jobs

Business Owner Financial Planner First-Time Buyer Homeowner Individual seeking Insurance Individual seeking Loans Landlord Property Investor

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