Self Certified Mortgage
HONESTY, RELIABILITY, DEDICATION, VALUESelf certified mortgage deals are a relatively new phenomenon in the mortgage and finance world. Years ago not being able to prove an income meant that you were viewed as an extremely high risk and put in a risk band which made it very hard to borrow. This meant that interest rates we're generally much higher and cheap loans were inaccessible..
As times have changed over recent years lenders have stayed with the times realising that a job for life is not common anymore and the self employed entrepreneur is a massive source of business for them. As a result new loan products have been introduced to provide a variety of types of people with a mortgage without proof of income.
The following types of people now routinely use self certified mortgage deals:
Unsalaried company directors
Contract workers (increasingly common in technology-based industries)
Commission-based workers (often in sales, recruitment etc)
People with seasonal earnings
Those with more than one income
City workers or others who receive a high annual bonus
Employees from other sectors such as the airline industry, who have complicated systems of bonuses and allowances that make conventional documented proof of income problematic.
Borrowers on a low wage who have an inheritance fund or other family income
Freelance workers
As self certified mortgage specialists our partners have a team of advisers who deal with non status cases on a day to day basis. They can talk through your circumstances with you and source the best loan deal available.
