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Mortgage Prisoners, Buy a New Home or Remortgage with no income assessment or LTV problems!


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Mortgages and Remortgages are soon to become available with much greater flexibility with no concern about Negative Equity or Loan To Value problems and no income calculation or being assessed for maximum income multiples. This has long been a problem since the start of the UK financial crisis for those who purchased just prior to the 2007 chaos with old style Self Cert, Non Status or Self Certification mortgages particularly who now find themselves with mortgages greater than their homes are worth. Make an enquiry now from right here and once lenders release their final agreement to the regulators request you'll be ready.

The FSA the UK financial regulator is now at the later stages of granting lenders permission for so called "Mortgage Prisoners" to now be able to move their mortgage to another lender at a better rate or move home without any major obstacle. The Financial Services Authority is all too clear that to trap borrowers as Mortgage Prisoners is not the way to go for the UK general public and is not helping unglue a large proportion of UK homeowners to move upwards in their home ownership progression.

The regulators had previously outlined plans for mortgages that are of the same size or less than the current one you already have getting a kind of amnesty on applicants proving their incomes however they have now said: “We’ve had lots of really very helpful suggestions on this. There is a concern that we may have been too restrictive in not allowing borrowers to borrow more or to increase their payments.

“We need to think about this. There are times when for example changing to a fixed rate mortgage to ensure a greater degree of certainty and that means an increase in monthly repayments, it may actually be in the borrower’s interests to do that.” are taking these new rules being worked on by the FSA very seriously and can assure you we will be one of the first companies releasing these new products to the general public as soon as the regulator and lenders have completed their discussion process on how these new accounts will work.

The discussion process in place in the UK financial world is called the MMR or Mortgage Market Review and to confirm that this is going to present a REAL alternative to the Mortgage Prisoner status many residents of the UK are in see the Financial Services Authority documentation on this process and its fast moving progress, see page 31.

If you are worried about your mortgage situation please us our enquiry links on this page and allow us to make sure you are one of the first people in the UK who get all the details of these new mortgage products as soon as they get finalised, there could well be the much needed light at the end of the tunnel thanks to the ongoing skilled work of the Financial Services Authority to assist these recognised problems.

UK Mortgage Calculator

Add your details, along with hundreds of other clients, right here and once lenders release their final agreement to the UK financial regulators request to make funds available you'll be first in line.