Given the depth of the fnancial crises in the UK its not a surprise that many Britions are looking for a non status mortgage. A non-status mortgage is basically a bad credit mortgage and given the fall out from people losing jobs and the stock market its no surprise that many English people have bad credit records now.
The question is thought whether a non status mortgage is going to help you anyways. If your credit is that bad – why not consider renting rather than borrowing more money to buy in an uncertain market.
Interest rates may be low at the moment but you will pay more than normal because of your less than perfect credit record making you a higher risk to the lender than the average borrower
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