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In the event that you have experienced missed credit card payments, faced County Court Judgements (CCJs), or dealt with bankruptcy resulting in a low credit rating, we understand the challenges you may face. Our services cater to individuals with adverse credit histories, providing tailored solutions to help you navigate and improve your financial situation.
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The number of people in the UK who are self-employed is at its highest level in 40 years according to the Office for National Statistics. But while working for yourself brings more freedom, it can also make mortgage applications that bit more complicated. Lenders typically require a demonstration of at least two years' worth of accounts or tax returns. The more accounts you can provide, the stronger your case becomes. Though it may seem daunting, with the right approach and documentation, self-employed individuals can navigate the mortgage process with confidence.
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Non-standard property applications differ on a case-by-case basis. Here are just a few of the different types of non-standard property:
- Highrise flats
- Timber frame properties
- Concrete construction
- Thatched roof cottages
- Ex-local authority council flats
- Steel frame or clad properties
- Flying freeholds
- Flats above shops
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Self-build mortgages offer a distinct approach compared to traditional residential mortgages. Rather than receiving a lump sum upfront, funds are released gradually in stages aligned with the progress of your build. With this method, you only pay interest on the amount drawn down, ensuring cost-effectiveness throughout the construction process.
Given that each lender has specific criteria for self-build mortgages, it's crucial to consult an expert who can assess your project's requirements and align them with your personal circumstances. By collaborating with a knowledgeable professional, you can secure the right financing tailored to your self-build project, maximising its potential and meeting your unique needs.
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- Written by krupa
- Category: different mortgage types