UK Non Status Mortgages

HONESTY, RELIABILITY, DEDICATION, VALUE

Non status mortgages are offered to people that cannot easily prove their income. Most high street lenders will not look at non status mortgages because they are perceived as higher risk than standard mortgages. Due to the lender risk in these cases the mortgage rates are normally higher than standard rates and other conditions may also be slightly less favorable. For example, the loan to value is likely to be lower. Indeed, some standard mortgages will go as high as 130% loan to value. Non status mortgages will normally be attainable up to a maximum of 90% loan to value.

No Proof of Income

Self employed people may not be able to show three years account, or their accounts may not accurately reflect their true earning potential (for example profit may have been reinvested to fuel future business growth). Different self cert lenders ask for different levels of evidence of trading and income for non status mortgages.

If you are in any doubt as to whether you need to look into non status mortgages or whether a traditional mortgage would be more suitable, why not speak to one of our qualified advisers. They are all experienced in dealing with a diverse range of situations, and with whole of market access we should be able to find you the most suitable mortgage for your circumstances.

Our qualified advisers will be happy to talk through your requirements with you... Call us now on 0800 0435760 or fill out this online form