Non-Status Lending Terms
Key terms for our non-status and self-cert mortgage products.
Non-status and self-certification lending products operate on different terms compared to mainstream commercial mortgages. Understanding these terms in advance — including rates, fees, LTVs, and repayment structures — is essential for making an informed funding decision and ensuring the facility is commercially viable for your specific requirements.
Key Terms & Parameters
Loan-to-Value (LTV)
Typically 60–75% for non-status commercial mortgages. Higher LTVs are available for borrowers with strong equity positions or additional security. Self-cert residential investment products may offer up to 80% LTV subject to rental cover.
Interest Rates
Non-status rates are typically 1–3% higher than equivalent mainstream products, reflecting the reduced documentation and increased risk appetite of the lender. Fixed and variable options are available, with terms from 2 to 5 years on fixed rates.
Loan Terms
Terms from 1 to 25 years are available depending on the product type and lender. Interest-only terms of 3–5 years are common for commercial investment properties with a clear refinance strategy at maturity.
Arrangement Fees
Typically 1–2% of the loan amount, payable on completion. Some lenders charge a non-refundable commitment fee on acceptance of the offer. Broker fees are agreed with Aberdeen Corporate Finance separately and disclosed in advance.
Valuation Requirements
All facilities require an independent RICS valuation. For investment properties, the valuation will include an assessment of rental income and market comparables. Some bridging and short-term products accept desktop or drive-by valuations.
Security Requirements
First or second legal charge over the property. Personal guarantees are typically required from the borrowing entity's directors or shareholders. Some lenders may accept debentures or cross-charges on additional properties.
Early Repayment
Early repayment charges (ERCs) vary by product and lender. Some non-status products offer no ERCs, while fixed-rate products may carry charges for the fixed period. We clarify all ERC terms before you commit.
Legal Process
Non-status transactions typically complete within 2–6 weeks from application, depending on the complexity of the legal title and valuation requirements. Bridging elements can complete faster — within days in urgent cases.
Important Considerations
All terms are indicative and subject to full application, valuation, and lender approval. Non-status and self-cert products carry higher rates than standard lending to reflect the reduced documentation requirements and broader underwriting criteria.
Aberdeen Corporate Finance will always present the true total cost of each facility — including arrangement fees, valuation costs, legal fees, and interest — to ensure you can make a fully informed comparison.
Important Notice: Terms are indicative and vary by lender and borrower profile. Aberdeen Corporate Finance Limited is not regulated by the FCA.
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Contact us for a bespoke indication of terms based on your specific requirements.
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