Find a lender in 2017 that will lend with limited or no proof of regular income.
In the past, people who weren’t on a company or state payroll often found it hard to get a mortgage.
Lenders were wary of providing a mortgage to contracted workers, the self employed or anyone who was in a non-salaried position and found it difficult to provide proof of a fixed, regular income.
Today even more people are on short term contracts, are self-employed or have freelance status. As the workforce has had to adapt to change, so too have lenders, and many now offer the choice of a non status mortgage. A non status mortgage can be the ideal way for non-salaried workers to secure the funds to buy a house.
With a non status mortgage, the borrower must declare they can afford to service the mortgage, and do not need to provide proof of income by way of bank statements or company accounts.
They will have to sign a statement of earnings and the lender will check credit records and may ask for references from a previous lender. In today’s working environment, a non status mortgage can be a good option, and finding a competitive rate is a lot easier than it once was.
Non Status Mortgage Lenders 2016 and 2017
For independent advice on non status mortgages contact us on our London phone number and we’ll do all we can to find you the best deal available.