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Non Status Mortgage

Definition of 'Non Status Mortgage'

Mortgages offered by lenders where proof of proof of income is not required to be demonstrated, so useful for self-employed persons. Usually restricted to a maximum LTV of 70% or so. Often this will require the borrower to self certify their income. Obviously this is risky for the lender hence the limited ltv and usually the interest rate will be higher than a normal mortgage.

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