Non Status Mortgage - Cheap Mortgage Deals

This is another term used to describe the type of mortgage you will need to apply for if you have or are experiencing Credit Problems. A bad credit history can be due to CCJs, Mortgage Arrears and other credit debt repayment problems.

In general, the mortgage or remortgage product that will be available to you will be in the non standard product range and will have a higher interest rate attached and/or longer 'tie ins' and penalties.

You can also apply for a non status of Self Certification mortgage if you are unable to prove your annual income. This can apply if you are self employed and unable to produce payslips to your lender as proof of income. Your accountant will usually be asked to provide at least three years business accounts and you will need to provide at least six months personal bank statements.