Starting 1st January 2018 Ravenwood Services can offer a mortgage with a very high approval rate.
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.
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.
Some lenders we have in our panel include:
Santander Equity Release Schemes
Barclays Equity Release
The Bath Building Society
The Beverley Building Society
The Chorley & District Building Society
The Co-operative Bank
Coventry Building Society
The Hanley Building Society
Hinckley and Rugby Building Society
Holmesdale Building Society
Ipswich Building Society
The Mansfield Building Society
The Market Harborough
The Norwich and Peterborough Building Society
Penrith Building Society
Pink Home Loans
Progressive Building Society
The Woolwich Bank/Barclays
Yorkshire Building Society
LTI ratio is the Loan to Income ratio. Ravenwood have a lender that will consider six times salary mortgages and remortgages for people with a good credit history.
Ravenwood have a surprisingly large number of lenders which will lend to tier two visa holders at near mainstream interest rates.