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
  • The 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 the 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
Coventry Building Society
Halifax
HSBC
Lloyds
Nationwide
Natwest
RBS
TSB
Yorkshire Bank
Yorkshire Building Society

Traditional Lenders LTI ratios

LTI ratio is the Loan to Income ratio.  Ravenwood has 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 has agreements with lenders that do remortgages with no fees. Many brokers offering bad credit remortgage the UK like to charge a minimum fee of around £1495. Ravenwood doesn’t do this!

Do you have a tier 2 visa?

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