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.
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:
Abbey National Building Society
Alliance & Leicester
Amber Homeloans
Bank of Ireland
Bank of Scotland
Barnsley Building Society
The Bath Building Society
The Beverley Building Society
Birmingham Midshires
Bristol & West
Britannia
The Buckinghamshire Building Society
The Cambridge Building Society
Capital Home Loans
The Chelsea Building Society
The Cheltenham and Gloucester Building Society
Chesham Building Society
The Cheshire Building Society
The Chorley & District Building Society
Clydesdale Bank
The Co-operative Bank
Coventry Building Society
Cumberland Building Society
Darlington Building Society
The Derbyshire
Dudley Building Society
Dunfermline Building Society
Earl Shilton Building Society
Ecology Building Society
First Active
First National
First Trust Bank
Furness Building Society
Future Mortgages
GMAC-RFC
The Hanley Building Society
Hinckley and Rugby Building Society
Holmesdale Building Society
iGroup
ING Direct
Intelligent Finance
Ipswich Building Society
Irish Permanent
Kensington Mortgages
Kent Reliance
The Lambeth Building Society
The Leeds Building Society
Leek United Building Society
London Mortgage Company
The Mansfield Building Society
The Market Harborough
The Marsden
Melton Mowbray Building Society
Mercantile Building Society
Monmouthshire Building Society
The Mortgage Lender
Mortgage Trust
Mortgage Works
Mortgages PLC
National Counties
Nationwide
Newbury
Newcastle
Northern Bank
The Norwich and Peterborough Building Society
Nottingham
Paragon Mortgages
Penrith Building Society
Pink Home Loans
Principality
Progressive Building Society
The Royal Bank of Scotland
Saffron Walden Hertfordshire and Essex Building Society
Scottish Building Society
Scottish Widows Bank
Skipton Building Society
Southern Pacific
Stafford Railway
Standard Life Bank
Stroud & Swindon
Swansea Building Society
Teachers
Tesco
Universal
West Bromwich
The Woolwich Bank
Yorkshire Bank
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 agreements with lenders that do remortgages with no fees.
Ravenwood have a surprisingly large number of lenders which will lend to tier two visa holders at near mainstream interest rates.
