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Many mortgage professionals have been concerned that people who do not fit into the strict definitions of high street banks' affordability calculators would never get a mortgage – but as ever the innovative UK mortgage industry has found a way for those who cannot fully prove their income to get a home loan.

Several mortgage lenders, including Kensington Mortgages and Aldermore, have launched "complex prime" mortgages to help those people who have the money but cannot get a mortgage from a high street bank.

There are millions of Brits who have irregular incomes and would usually get turned down by banks. But with complex prime, mortgage brokers can put forward a potential borrower's application to an underwriter, who assess each case on its merit.

Charles Morley, head of sales and product development at Kensington, says: "There are a lot of prime customers out there who want a mortgage but are excluded by the big lenders because they fail an automated decision. But we are well positioned to consider self-employed borrowers, people who receive regular bonuses or overtime and customers whose circumstances are too complex to meet the rigid criteria of an automated system.”

If you have been turned down by other lenders talk to a self cert mortgage expert about complex prime mortgages. They may be able to help you find a deal tailored round your individual circumstance by mortgage lenders who understand that people cannot be put into a box.

SOURCE: Kensington, 08/03/10

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