Self Cert Mortgage UK

Self certification (also know as self certified) mortgages are ideal for applicants whose income is not easily verifiable.

If you are self employed, a company director, contract worker or freelancer it is likely that your income is minimised for tax purposes, you may also be unable to provide three years trading accounts. As a consequence it can be difficult to secure the mortgage you want.  

In short, if you know you can pay a mortgage, but have difficulty proving it in the usual way; we can help through a type mortgage which does not require evidence or proof of income.

With a self certified mortgage you do not have to provide accounts, payslips or other proof of income, but instead you simply certify that you have sufficient income to service the repayments. You could qualify for up to 95% of the purchase price.

Even if you have adverse credit or previous arrears we have access to lenders who can help. 

A self certification mortgage allows you to declare to the lender that you can afford the mortgage payments without having to provide substantive proof of your income. Usually you will pay a small interest rate premium for a self certified mortgage.

Self Certification
Self certification may be suitable for a self employed applicant if:

• You started recently and you have yet to file any accounts
• You don’t have an accountant
• Your accounts are not up-to-date or were done some time ago
  and no longer reflect your income
• Your published accounts aren’t acceptable to a lender

Get Help
Our advisers are used to helping the self employed review their finances to make sure a new mortgage will be affordable. It isn’t in our interests, or yours, to sell you a mortgage you cannot afford. Why not call us today to talk about your situation and what we can do to help? There is nothing to pay upfront and the advice is free.

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The overall cost for comparison is 7.0% APR. The actual rate payable will depend on your circumstances. Please ask us for a personalised illustration. A fee is chargeable only on completion, typically 1.5% of the loan amount depending on your circumstances (subject to a minimum of £1,000 and maximum of £3,000). For a mortgage of £100,000 the fee would be £1,500. Early repayment charges may apply and will vary depending on the mortgage.
Adding existing debt to your mortgage will increase both the repayment term and the overall cost.