Status Mortgage or Prime Mortgage

Status Mortgage / Prime Mortgage

You may qualify for a status mortgage if each applicant can provide a detailed continuous history of their income over the past year. A Lender will generally offer their best rates for a status mortgage because it is easy for them to check you employment history to be sure that you will be able to afford your new mortgage payment. They usually place strict rules on how you must prove this income when you apply. If you can not or do not want to provide detailed income proof then click here to read about self certified mortgages.

The following are examples of the kinds of evidence Lenders will require if you are an employed applicant:

* Employers Reference (you will be deemed self employed if you own more than 25% of the common stock of the company employing you)
* P60 & 2/3 months of computerised payslips
* Hand written payslips and pay packets may be acceptable - but you will need to check with us first
* Probationers and contract workers may also qualify for a status mortgage with a letter from their employer(s)

Each lender has their own guidelines for the evidence they will need and this is only to give you a general idea of what they will require. The specifics will depend on your circumstances. Self Employed Applicants

A self employed person can still qualify for a status mortgage provided they can clearly provide evidence of their earnings. The following kinds of evidence will be acceptable if you are self employed:

* Accountants Certificate
* Audited Accounts prepared by a qualified accountant
* Inland Revenue self assessment certificate covering the previous tax year
* A minimum period of self employment is likely to be required - typically 6 months or more
Each lender has their own guidelines for the evidence they will need and this is only to give you a general idea of what they will require. The specifics will depend on your circumstances.

We can help you decide what kind of mortgage suits your circumstances as we process your enquiry. There is no obligation so contact us now!

Non Standard Construction

We have lenders that specialise in concrete buildings, high rise flats and other non traditional property constructions. Read about the subject here.