Self Certified Mortgages are mortgages that are suited towards applicants who have income that is not easily verified. If you are self employed, and are in the role of company director, a freelancer or a contract worker then it is likely that your income is declared as minimal for tax purposes, however this will make it more awkward to secure the mortgage you want.
A self cert mortgage is tailored towards those who are self employed and usually limits out at 85% of the property value, again this is dependant on credit scoring and status. If you are confident that you can afford repayments on a mortgage but find it hard to prove then we can assist you in applying for a mortgage where evidence or income proof is not required
With a self certified mortgage you will not have to provide accounts, company payslips or other proof of income, but instead you simply certify that you have sufficient income to service the repayments over the whole life of the mortgage loan. You could qualify for up to 85% of the purchase price.
If you have adverse credit, a bad credit history or other forms of negative credit, we can still source you a lender of whom may be able to offer you a mortgage alongside the rate you are looking for.
Mortgages that are flexible around your circumstances
Professional mortgage solutions are available to you which can present you with a more flexible way to pay your mortgage when you are self employed. If a flexible mortgage option sounds important to you, mortgage repayments can be built around your changing circumstances, as being self employed means you can be subject to lots more downfalls then that of secure employment. This will allow you to increase repayments or pay larger lump sums as and when your cash flow can allow for it. This situation works in reverse aswell meaning that during times of hardship, you may be entitled to pay smaller amounts back or take payment holidays.
Exclusive Deals
At various points there may be exclusive deals from different mainstream and highstreet lenders geared towards self cert mortgage applicants, by calling us or filling out our enquiry form we do the searching for you!.
The Self Cert Mortgage market has developed very quickly over the last 5 years with more lenders offering innovative mortgage products to stay in line with the ever increasing amount of self certified mortgage applicants.
Remember your eligibility for a mortgage is based on various factors from credit scoring to your affordability, therefore for a more accurate idea of what you could be entitled call us on 0845 2 605 506.
