Non Conforming Lenders for out of the box home loans in Australia to 95% LVR

Non Conforming Lenders are making mortgages possible for those that have the chances stacked against them. With loan application rejections on the increase in Australia, there’s growing concern over how the method could affect Australians’ mental state. Of those who’ve experienced rejection when applying for a replacement mortgage, 31% claim they were left feeling depressed, in step with a survey by specialist mortgage broker Non Conforming Loans Pty Ltd.

More than half (53%) felt marginalised, unfairly treated and with a way of injustice as a result, while 15% said the method had left a long-term negative effect on their psychological state. Ray Ethell, Director of Non Conforming Loans, said: “Credit issues are on the increase in Australia within the wake of the pandemic, so a growing number of individuals applying for mortgages simply don’t fit the normal financial mould.

Many are being rejected by traditional lenders and online consumer credit fintech’s that can’t see past their situation, while others are going to be suspend from applying in the slightest degree.” “It is vital to talk with a specialist lender or an experienced mortgage broker that’s up with all the policy changes and might guide you thru the lending landscape to seek out a financial solution,” Mr Ethell concluded.

As an alternate to traditional lenders and automatic online mortgage platforms which generally reject people with complex situations, Non Conforming Loans develops an image of each customer to uncover specialist mortgages often not available to them directly. Each customer is then assigned to a mortgage professional with proven experience of constructing mortgages possible for people in their situation to assist them find the proper mortgage with the correct funder so handle the appliance process through to settlement.

Many specialist lenders don’t do credit scoring, because the score alone doesn’t always provide an accurate picture of someone’s financial situation. They use human underwriters instead of automated deciding to assess an individual’s application.

For more information visit www.nonconformingloans.com.au