Non Status Mortgages 2018

Flat above shop

Starting 1st January 2018 Ravenwood Services can offer a mortgage with a very high approval rate.

  • £379 Lenders fee and no broker fees
  • Up to 85% LTV (Loan to Value)
  • Rates 1.69% above Bank of England base rate (variable)
  • Residential Remortgage or Residential Property Purchase
  • Leasehold or Freehold properties including flats above shops
  • Lender has limited funds to lend so please inquire quickly
  • Your Mortgage Requirements

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In the past, people who weren’t on a company or state payroll often found it hard to get a mortgage.

Liars LoanLenders 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 in 2018

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.

More options for removal of home equity

Maybe under 50 equity release could be an option for your depending on your circumstances.  Secured loans for bad credit and remortgages for people with bad credit are also realistic options.

 

Some lenders we have in our panel include:

Santander Equity Release Schemes
Barclays Equity Release
The Bath Building Society
The Beverley Building Society
Birmingham Midshires
The Chorley & District Building Society
Clydesdale Bank
The Co-operative Bank
Coventry Building Society
Halifax
The Hanley Building Society
Hinckley and Rugby Building Society
Holmesdale Building Society
HSBC
iGroup
ING Direct
Intelligent Finance
Ipswich Building Society
Lloyds
The Mansfield Building Society
The Market Harborough
National Counties
Nationwide
Natwest
Newbury
Newcastle
Northern Bank
The Norwich and Peterborough Building Society
Nottingham
Paragon Mortgages
Penrith Building Society
Pink Home Loans
Principality
Progressive Building Society
RBS
TSB
The Woolwich Bank/Barclays
Yorkshire Bank
Yorkshire Building Society

Traditional Lenders LTI ratios

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.

Not keen on paying big fees?

Ravenwood have agreements with lenders that do remortgages with no fees. Many brokers offering bad credit remortgage uk like to charge a minimum fee of around £1495. Ravenwood don’t do this!

Do you have a tier 2 visa?

Ravenwood have a surprisingly large number of lenders which will lend to tier two visa holders at near mainstream interest rates.