is a NonStatus Mortgage?
Status Mortgage is a mortgage that can be obtained even if you have
or had credit problems in the past. A Non Satus mortgage is usually
offered by lenders without any proof of previous mortgage history
or proof of income. The average maximum loan to value is around
70%, but this is not always the case and some lenders offer a higher
value than this.
Status Mortgages can also be viable for the self employed who are
having difficulty in getting a mortgage due to a lack of proof of
income. Many mainstream lenders require a minimum of two years chartered
accounts, and you may be unable to provide this.
of Major Mortgage Lenders
provide general financial information, we urge you to consult an
Financial Adviser ( IFA )
before making any important decisions about your finances.