Can't Prove Income
Tough questions? May not be a problem!
You may feel you can afford the mortgage for your new home - but proving it to a lender might prove difficult. For example, you might be:
- Self-employed with less than 3 years accounts, or worse still, no accounts at all?
- Employed on a very low basic but with high commission or bonuses?
- Employed on a renewable contract basis?
All of the above may become a problem when you are trying to get a mortgage, you may not fit in to the "typical" borrower bracket.
Fortunately, some lenders have woken up to the fact that not everyone fits in to the same category any more. So for some potential borrowers this may not be a problem anymore.
We aim to find the lenders for you who know where you're coming from - they'll take a more practical approach to lending ensuring you know what is happening every step of the way, as well as offering competitive rates and products.
(Some specialist mortgages may be charged at higher rates than standard products)
And as long as your income is from legal means we're confident about finding you a lender who is happy to do business with you.
Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. The Financial Services Authority does not regulate some aspects of buy-to-let mortgages or secured loans.
The overall cost for comparison is 7.9% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration.
Pacific Financial Services (North West) 150 Briercliffe Rd Burnley Lancs. BB10 2NZ is authorized and regulated by the Financial Services Authority We are entered on the FSA register No 302245 at www.fsa.gov.uk/register. There may be a fee for mortgage advice, the precise amount will depend on your circumstances but we estimate that it will be £195. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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