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. The lenders will allow a mortgage to be granted without any reference to an employer.
With little or no adverse credit, the interest rate can bear 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 25% or a loan to asset ratio of around 75% 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.
Fewer lenders are now providing self certification mortgages. World of Mortgages
can provide you with advice concerning the best self certification mortgage
or equity release 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 >
- World of Mortgages is authorised and regulated by the Financial Services Authority. Our FSA registration number is 430499. 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
- We charge a fee usually 2% of the loan amount with a minimum of £2,999.
- Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.