What
is a Non-Status Mortgage ?
A non-status mortgage is a mortgage that is offered to borrowers
who do not have to provide any proof of previous mortgage history
or any proof of income. In order to cover their risks, the lenders
will usually only offer non-status mortgages at a reduced 'Loan
To Value'. Also, whatever happens, a credit check will still be
carried out. You will probably also find that non-status loans will
be charged at higher interest rates, in order to cover the lenders'
risks.
Choosing the right Mortgage can be a confusing
task. 1StopCredit.co.uk make it easy for
you!!
We consider all cases sympathetically. Our first objective is to
place you with a high street lender. If this is not possible, we
will negotiate on your behalf with lenders who specialise in non
status mortgages.
No matter what your credit history is like, we welcome the opportunity
to help you with your non status mortgage application.
Below are some of the major lenders that we currently
deal with to help provide you with the best non status mortgages
and non status remortgages available in the UK.
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