What is a Non Status Commercial Mortgage?

August 20, 2008

What is a Non Status Commercial Mortgage?

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A non status commercial mortgage is perfect for anyone who needs finance to buy a business but does not want to have to prove their income to a mortgage lender. This could be because you have more than one source or income or perhaps because your income is commission-based and fluctuates. In addition, self employed borrowers can find it hard to prove their income if they do not have three years’ of accounts, for example if they are a start-up firm. By opting for a non status commercial mortgage you can remove the need to prove your income and speed up the mortgage application process.

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