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Non-Status Mortgage
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A non-status mortgage is a loan offered by lenders without any proof of previous mortgage history, proof of income.
The usual maximum loan to value is around 70% and a credit check is still carried out.
Last Updated: February 2008 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.