UK Self Certification Mortgage
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% | Buy to Let | Capped Rate | Discounted Rate | Endowment | First Time Buyer | Fixed Rate | Flexible | Interest Only | ISA | Non Status | Self Build | Self Certification | Self Employed | Tracker | Variable Rate
