Non Status 100 percent mortgages were created for people who do not have any proof of their income or employment. Most mortgage companies require some form of evidence of employment, which are usually in the form of payslips, contracts etc as proof that you have the necessary income available, in order to manage the monthly mortgage repayments on your 100 percent mortgage.

It may pay to look at the more unconventional routes to ascertain your non status 100% mortgages, such as mortgage brokers and assessors. Banks have of late, become a lot more risk adverse in their lending styles, and so trying to find funding, without the evidence or proof of income, may prove rather tricky using this more conventional lending way.

Previously some of the bigger mortgage companies would be the normal route in order to get yourself a non status 100 percent mortgage, but since the bad credit crunch which occurred a few years ago, these lenders found themselves hard to raise finance for their businesesses, and so the subsequent lending to the public, for what they deemed more riskier financial propositions then followed on.

The nonstatus mortgage market focuses primarily on these type of mortgages and so finding a specialist mortgage broker for non status 100% mortgages would probably be a more suitable route to follow for your mortgage. Due to the nature of the risk you may be viewed as perceiving, you should however be prepared to pay more money in your interest rates APR and repayments each month on these types of mortgages.