Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage Glossary
- Mortgage Glossary Choices:
- 100% mortgage
- Arrears
- Buy to let
- County Court Judgements
- Defaults
- First time buyer
- Flexible mortgages
- Individual Voluntary Arrangements
- Keyworker mortgages
- Let to buy
- Non status
- No deposit mortgage
- No proof of income
- Self build
- Self certification
- Self employed mortgage
- Underpayment
Non status
If you do not have a credit record or you cannot provide any proof of income, you are regarded by lenders as having no status.
Schemes are now available where all you need is a simple declaration of income.
No accounts are necessary.
These schemes are known as self cert or self certification.
They are also available to the employed, who wish to borrow more than a typical 3.25 times standard individual income lending multiples.