Self Certification mortgages

Self Certification mortgages allow you to borrow potentially larger amounts than the normal full status loan, as no proof of income is required.

You simply sign a declaration to say that the loan repayments are affordable.

Historically lenders in the UK have taken a cautious view of the self employed, however a number of mainstream and specialist lenders who provide a solution for the self employed through self certification mortgages.Self certification mortgages are based on a thorough search of your credit history, rather than proof of income. Self certification mortgages can carry higher interest rates than others in the market.

Self certification mortgages were introduced nearly a decade ago and were designed mainly for those who had a reasonable deposit but were unable to show their true earnings, in most cases the self employed.

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