What is a Self Cert Mortgage?
Historically, mortgage lenders have required proof of income before they will lend money for the purchase of a property. This is fine for those who are employed, but for many people in the UK this can create problems, because they are either self-employed, contract workers, or are paid by way of bonuses or commissions.
The specialist mortgage lender will be far more accommodating and they appreciate that different working patterns require a more flexible approach and generally do not ask for prove of income, but simply ask that a declaration as to earnings is made.
We can search for the best "Self Certification" mortgage products.... Mortgage Quote??
Self certification does have its limits though - most mortgage lenders will only allow you to prove your income in this way if you want to borrow less than 75% of the property's value, so you will need to put down a substantial deposit. However, some mortgage lenders may allow you to borrow up to 85% on a self-certification basis.
You should contact one of our Mortgage specialists to advise you on your particular circumstances
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