Non Status Mortgage

Some people may be denied loans due to bad credit history or bad credit scoring on their mortgage application, or even if they are self employed with no proof of income. However, these days it is possible even for these non-status cases to be granted a mortgage.

Lenders who are willing to lend in this market are commonly known as 'sub-prime' and the market for these mortgages has grown considerably in the past few years, led primarily by American financial institutions. However, borrowers have to pay a price for these mortgages, with interest rates potentially higher than those set by mainstream lenders.

Borrowers should be aware that if they make all their payments on a non status mortgage in full and on time, within a few years a sound repayment history will be created and they may be able re-mortgage to a conventional lender offering lower interest rates on their mortgages.

We are mortgage brokers that specialise in finding people like yourself a non staus mortgage. Our advisers are very experienced in this area and aim to recommend the mortgages most suited for you based on your credit background.

Previously, people with bad credit normally had to pay much higher interest rates than mainstream mortgages. Today, things are a lot different. Approximately, one in four mortgages in the UK is a 'non status mortgage. We offer full advice and recommendation so you can be sure that we will find you a competitive mortgage that suits your current circumstances. We will deal with your application quickly and we search all the lenders to find a competitive mortgage and interest rate for your individual circumstances. For a fast, free mortgage quote, fill in the form below and see what we can do for you!