Self cert mortgage deals.
 Self cert mortgages - best buys |
We provide mortgage advice and a processing service to clients who need to self cert their income to obtain a mortgage deal. Our qualified mortgage advisors will research the whole market to find the most appropriate deal for you. There is no need for a salesman to visit, we ultisise technology to process your application quickly and speedily.
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How does a self cert mortgage work?
Lenders carry out a credit check to agree your application in principle before you apply. You need to declare the reason for wanting a self cert mortgage to the lender on the application and sign an additional declaration to confirm your income from all "acceptable sources". The lender does not ask for proof of earnings, however they will require proof of employment, such as a telephone call to your place of work and for self employment a telephone call to your accountant, business bank statements or something from the Inland Revenue. Every lender has differing rules for what they want to see and check, an experienced broker can discuss these items with you before you apply to ensure the appropriate lender is approached for a speedy and hassle free mortgage.
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Why choose to self certify my mortgage income?
- You may be self employed and have no formal accounts to show a lender.
- You are employed and rely on irregular bonuses such as commission.
- You have income from multiple sources and find this hard to prove in a timely manner.
Is there a minimum employment period before I can apply for a self cert mortgage?
No, some lenders will consider applications after three months of trading, although the usual is around 6 - 12 months. The longer you have been trading and the bigger the deposit the better the self cert deal, after three years trading and / or have 25% deposit you will access nearly all deals and often those on the high street with the right advice and help.
What is a"fast track" mortgage?
Some high street lenders such as Northern Rock, Abbey and Halifax to name a few will consider fast track applications, usually on deals where less than 75% of house value is borrowed. This should not be confused with self cert. Fast track deals ask for reduced paperwork or simply call your employer to speed up and reduce their time and costs involved in processing a mortgage - they reserve the right to ask for full documentation.
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Self cert mortgage decision in minutes
Use our self cert online enquiry form and our qualified mortgage advisors will contact you to confirm how much you could borrow and the monthly mortgage repayments. We can often get you a lending decision whilst we talk over the phone.
We Manage The Self Cert Mortgage For You
Having found you the best mortgage deal, we will manage your application through to a successful completion with a minimum of fuss. Our advisors are on hand now to deal with your every requirement, we understand about time and money and we could save you both.
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It is a criminal offence to mislead a mortgage lender about your income. Self cert is not to be used to over inflate your earnings or time in employment to falsely obtain mortgage funds. The income declared must be accurate to the best of your knowledge and be a record of monies earned, not potential or future earnings.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
