Re-mortgage trap sprung
Help is now available to ‘mortgage prisoners’ who cannot prove sufficient income to swop mortgage lenders
Are you stuck on an expensive standard variable rate or with a lender who is not looking after you because mortgage underwriting rules have tightened?
The solution
There is now a solution that can allow you to swop to a new lender without proving your income.
What’s more your new mortgage rate can be priced from just 1.50%.
You are eligible if:
- You have a residential mortgage
- You have held your current mortgage for at least 3 years
- You have made all payments in full and on time
- You have a clean credit history
- Your mortgage level is no more than 60% of the value of your property (60% LTV)
To switch to a competitive new rate without proving your income you will need to evidence:
- That you are employed or self employed (although no income proof required)
- That you have not exceeded or increase your overdraft limit within the past three months
- That you have not used pay day loans
To switch your mortgage without proof of income and save thousands Call us now on 020 8979 9684
Important Note
Due to upcoming mortgage market legislation changes in March 2016 there is a limited window to take advantage of this opportunity so you should take action now.
Further mortgage news
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- A Mortgage Now joins Google mortgage broker panel
- Accord Mortgages Buy to Let Mortgages Launch
- Bank of England drops base rate to 0.25%
- Bank of Ireland backtracks for 1,200 borrowers
- Bank of Ireland mortgage rate rises
- Base Rate Rise – What to do about your mortgage payments?
- Buy to Let Mortgage: £600 million Boost from Platform
- Coventry Building Society reduce maximum interest only
- Current considerations in the mortgage market – Q2 2012