A Self Cert mortgage is used when someone self declares their income instead of being able to prove their earnings through standard means. This may be for any number of reasons. The main advantage is that you can declare your current annual earnings without the need to prove it. Maybe you have just submitted your accounts for the tax year or received an increase in your job but you're latest P60 or pay slips do not confirm such figures. These are typical scenarios for which a self cert mortgage loan may be appropriate!
A Self cert mortgage may be the right way forward if you are:-
->Self-employed. ->On a commission based income such that your earnings may be assessed frequently by your employer. ->Receiving seasonal wages or earnings. ->Receiving more than one source of income (maybe from a partner).
Self cert mortgage products are increasingly common in the mortgage market and have become very competitive. Lenders perceive that self employed incomes may be less stable and reliable than employed incomes. This is reflected by the fact that Self cert mortgage products require at least 5% deposit and generally 10% is required.
Self Cert Mortgage Specialists- Our Partners can talk through your circumstances and source the most suitable deals available from the whole of market. They then smoothly take you through to offer and completion in a fast and efficient process with a Mortgage loan product that is suitable to your needs.
Our partner advisers will be happy to talk through your loan requirements with you... fill out this online form
