Non Conforming Loans are for indviduals who do not necessarily meet the criteria for a standard loan. This can be for various reasons including an adverse credit record (for example a paid or unpaid default), current or past arrears on existing loans or casual employment. These loans provide the ability for individuals to obtain a loan despite having these issues that would normally affect their ability to borrow under standard terms and conditions.

Non conforming lenders approach their credit assessment in a different way with each application assessed on it's merits, rather than it having to tick boxes of standard criteria.  

These loans are provided at a higher cost (interest rate & fees) than standard as lenders consider such applications to be a higher risk.  

A non conforming loan can be a good option to consider initially and then when a strong repayment history is gained (say over a 12 month period or more), you can look to switch the loan to a conforming product or refinance to a traditional lender.

We have access to a number of lenders who offer this product and our experience places us in a good position to determine which lender may be the most appropriate for your circumstances.