UK Self Certification Mortgage | Self Employed Remortgage
Self Certification Mortgages
With a self certification mortgage the mortgage applicant must sign a declaration of their income. They allow a mortgage to be granted without any reference to an employer.
With little or no adverse credit, the interest rate bears a small premium above normal rates. All mortgage types (Variable Rates, Fixed Rates, Capped, Discount Mortgages etc.) are available.
With a deposit typically in the region of 10% - 15% or a loan to asset ratio of around 85% - 90% some lenders will allow borrowers to self-certify their income without references or promises from an accountant.
Better rates are available to the self-employed if documentation can be provided to support past and expected income levels.
More & more lenders are providing self cert mortgages to help those people
who are self employed. These self employed remortgages work by allowing the
borrower to sign a declaration regarding their earning without requiring proof.
There are a variety of self certification remortgages
& self cert mortgages available & World of Mortgages can provide you
with advice concerning the best self cert mortgage for you. If you would simply
like to learn more about how a self certification mortgage works, just give
us a call.
For more information on self certification mortgages or to apply for a self
certification mortgage please follow the link - Self
Certification Mortgages >
- Your home may be repossessed if you do not keep up repayments on your mortgage.
- Changes in the exchange rate may increase the sterling equivalent of your debt.
- The FSA do not regulate certain mortgages.
- The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.