Self Certification Mortgages
Also Read - Getting on the Property Ladder | Mortgage Conveyancing | Mortgage Protection
A Self Certification Mortgage is an option if you are self employed and, or cannot provide three years proof of income. To get a self cert mortgage you will be asked to declare your income. Your lender shouldn’t then have to look at your account. While some self cert mortgages lenders will ask for no proof at all of your income, others may ask for an accountant’s certificate stating that your income will service the loan. A lender may also ask for bank statements which cover a particular period so they can look at gross income.
If you have a landlord or already have a mortgage then you can use these as
a way to show that you have always paid the mortgage or rent.
Usually a self certification mortgage is only given to the value of 75% to
85% of the property, so you will have to be able to find the rest of the
money for a deposit. Some self cert mortgages will have higher interest
rates.
Full range of UK Mortgages:
100% Mortgages | Buy to Let Mortgages | Capped Rate Mortgages | Discounted Rate Mortgages | Endowment Mortgages | First Time Buyer Mortgages | Fixed Rate Mortgages | Flexible Mortgages | Interest Only Mortgages | ISA Mortgages | Non Status Mortgages | Self Build Mortgages | Self Certification Mortgages | Self Employed Mortgages | Tracker Mortgages | Variable Rate Mortgages
