0845 75 73 724
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0845 75 73 724 |
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Application Form for Unsecured & Mortgages
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Mortgages are referred to as Status and Non Status. Status Mortgages are those you can obtain from the High Street Banks and Building Societies. You need to have a clean credit record, although a few will now look at County Court Judgments if they have been paid off and were for a small amount. These lenders normally require pay slips for the employed and 2 to 3 years accounts for the self employed. In today's market place there are many advantageous packages available and it is worth making enquiries as to the most suitable package for you. Non-Status Mortgages are for those people who have been unsuccessful in obtaining a loan from a Status Lender. This could be because there is adverse credit information on their credit file such as County Court Judgments, Defaults or a history of poor payment. The Self Employed person who has no accounts should be able to get a mortgage from one of these lenders. The rates though are higher because the Non Status Lender are more flexible in their approach to lending money. RE-MORTGAGES During the life time of a mortgage people look to change their mortgage although they do not move house. This could be because of marital breakdown, their current debts have become very large, they can get a better deal with another lender or because of problems in the past had their mortgage with a non-status lender and can now change to a status lender. Bear in mind that if you choose to re-mortgage there may be Valuation and Legal Fees and possibly Redemption Penalties. There are many schemes available and when you contact us we will get our Mortgage Specialist to help you with the best plan for you and do it in plain English. Beware of the Specialist that asks you for money up front and will not provide a receipt.
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