NO-DOC LOAN
\nˈə͡ʊdˈɒk lˈə͡ʊn], \nˈəʊdˈɒk lˈəʊn], \n_ˈəʊ_d_ˈɒ_k l_ˈəʊ_n]\
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To complete this type of mortgage loan application, no supporting documentation is required. The interest rate common to such a loan is typically higher than full or reduced documentation loans. The borrower does not need to disclose assets or income.
By Henry Campbell Black
