Non Status Remortgage

If you are self employed with little or no proof of your earnings then you may have experienced difficulty in the past arranging a mortgage by the conventional means. This could also be the case for employed applicants who may receive an income from various different sources, or receive their salary from bonuses and commission. These days, it can sometimes be difficult to provide evidence of every form of income you may receive. Many individuals now have different streams of income aside from that of their basic salary.

If you are able to provide evidence of your income then it is always wise to apply for a status remortgage. Even today, self cert applications are often penalised by way of a less favourable rate of interest than their status counterparts.

Many of the High Street lenders will take a cautious view towards these types of applications as they are generally perceived by the lender to be a higher lending risk. A Non Status remortgage may be required in these instances as generally no substantial proof of income is required.

On many occasions, the applicant will simply be required to sign a declaration of their earnings and usually no further backup proof will be required. There are many specialist lenders in today’s market that are prepared to consider Non Status remortgage applications without the need for employment references, audited accounts, bank statements and so on.

With a Non Status remortgage, there will usually be attached a higher element of risk to the lender compared with their status counterparts. This higher risk element will generally be reflected in a slightly higher rate of interest, known as a ‘loading’. This will usually equate to an additional 0.25%.

Whatever your situation and circumstances, at Any Loans they will do their best to accommodate every type of application. For the best Non Status remortgage schemes and interest rates, enquire to Any Loans today and let them put you in the right direction towards the most competitive offers. They have helped many borrowers in the past that have needed to self certify their income.

Any Loans therefore believe that they are placed in a great position to aid you in your remortgage enquiry. Any- Loans is authorised to collect and retain data under the Data Protection Act 1998. On receipt of your enquiry, Any-Loans will arrange for a qualified and highly experienced mortgage advisor to contact you to discuss your details in more depth in order to provide you with a detailed consultation, based on your circumstances, needs and objectives.