"Starting to feel there's a light at the end of the tunnel, thank you"
Mr G., Oakwood, Derby
Non-Status Mortgages is the term used for a type of mortgage designed for borrowers whose financial circumstances are in some way impaired, or for borrowers that have difficulty in proving their income through the conventional manner by the provision of payslip's or audited accounts.
Below we take a closer look at Non-Status Mortgages and the circumstances surrounding borrowers who may require a non-status mortgage, as well as provide details and information as to how we can usually assist if you require a non-status mortgage.
Table of Contents:
So, what is a none status mortgage exactly? Well, Non Status Mortgages is a term used in instances where the borrower's circumstances are such, that either:
Most conventional high street mortgage lenders tend to be inflexible in instances where a potential borrower cannot "tick all the boxes". Their underwriting and acceptance tolerances are generally very strict and by the book.
However, borrowers whose circumstances may, for one reason or another, be slightly out of the norm, will all too often find that the door to a mortgage is shut! Not so at Shire Direct!
We understand that lifestyles and personal situations can often create difficulties when arranging a mortgage. In an ideal world we would all have a steady job, a regular income, and no financial worries. In reality, however, if you are one of the millions of people that are self-employed, and don't have three years audited accounts showing a very healthy net profit, you may well have found that, even though you are a very nice and decent person, the high street banks and building societies don't want to know you!
Similarly, many people will have experienced some form of financial difficulty in the past, often through no fault of their own! Anyone that has suffered incapacity to work through an accident or illness, relationship breakdown, bereavement, or who have lost their job will know how quickly your financial circumstances can fall into difficulties.
That's why we've come up with a range of quality mortgage products from lenders who will sympathetically consider difficult or unusual circumstances.
Yes, not a problem!
We have the approach, the skills and the products to individually assess our customers' circumstances, and we pride ourselves in providing our customers with a quality personal service, quickly and efficiently.
A quick call to one of our friendly mortgage experts will help to put you in the picture. We'll give you an indication as to how we can help, and the options that may be available to you from our extensive portfolio of specialist lenders. Our mortgage advisors are professionally qualified, and undertake ongoing and rigorous training to ensure they remain up to date with solutions to meet your particular requirements.
So, whatever the situation, and whatever your requirements, we'll carefully evaluate your specific circumstances, and not make impersonal judgements merely on computer based credit scoring systems.
Applying for a mortgage can be a complex process. However, we'll carefully explain the procedures, and help you complete any forms, organise a valuation, and even arrange a solicitor. Our aim is to make life easier.
Just call one of our mortgage advisors on Freephone 08000 282 281, or enquire online at any time.
Our lines are open up until 10.00pm everyday, and we'll be delighted to provide you with an in-principle decision, whatever your circumstances.
We genuinely believe that if we can't help you, no-one can! So you've nothing to lose, and everything to gain!
Hopefully, we've managed to explain Non-Status Mortgages and how we can usually help with a Non-Status Mortgage, whatever your circumstances. Don't forget we're only ever a free telephone call or couple of mouse clicks away and would love to hear from you!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.
