A remortgage is when you switch mortgage for the payment on an existing purchase, for example to decrease your monthly repayments, get a better interest rate, or obtain a more flexible deal. A non-status remortgage (sometimes referred to as a self-certification remortgage) is a special deal whereby you can declare, but not necessarily prove your income. Many mortgage lenders will consider a non-status remortgage to be a greater risk because the income is unproved and so they often charge a higher rate, but it does allow people who would otherwise find it difficult to own property to do so.

Non statusremortgages will generally fall into two categories:
Employed non-status and Self-employed non-status
.    Employed non-status: this is where you have additional income with erratic bonuses, commission or overtime pay; Seasonal, casual or contract work.
You need only declare that you have the additional income to be able to afford the repayments.
.    Self-employed non-status: this is how people who are self-employed and have a good record of audited accounts can get a remortgage.  If one of the following applies to you then are likely to be best suited to a non status remortgage: You do not have three full years trading accounts or your present earnings are greater than your accounts can prove
Lenders are now tending to recognize that many people have flexible lifestyles and financial arrangements, so are offering far more in the way of non-status remortgage deals. To get the best deals for your individual circumstances, fill in the enquiry form to compare the market and get free advice.
Offset mortgages
Offset mortgages allow you to link the balance of your mortgage and any other borrowings you may have (such as credit card debts or personal loans) to money held in savings or current accounts with the same lender. 

This allows you to ‘offset’ the credit balances in your current and savings accounts against the mortgage balance, so that interest is only paid on the difference.
For example, if you have a mortgage of £120,000 and savings of £20,000, you will pay interest on only £100,000 of borrowing.
You will not earn interest on your credit balances under this arrangement, but the amount of interest you are charged is reduced, offering the possibility of making substantial savings or paying off your mortgage earlier

The advantages of an offset mortgage include:
.    Flexibility: these loans offer the option to overpay, take a break for a set period from your mortgage payments, or even borrow back cash from your mortgage
.    All your money works for you; every penny in your savings or current accounts helps to pay off your loan earlier
.    By saving interest on your mortgage rather than earning it on the money in your current and savings accounts, there is no tax to pay
Your accounts remain completely separate and you can still access your money just as you normally would.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE