Self Cert Mortgage

What is a Self Cert Mortgage?

A self cert mortgage is a product that has been specifically designed for those who cannot legitimately verify their income. Self cert mortgages are typically for:-

• Self Employed, Freelancers, Contractors
• Those paid by commission and bonus's
• Those with multiple forms of income

Self cert mortgages enable you to confirm your income without the need for lender verification.

Self Cert Mortgage Vs Standard Mortgage

If you have been self employed for over 3 years and have an accountant that can provide audited accounts that prove your income you maybe able to acquire a lower interest rate than with a self cert mortgage.

Self Cert Mortgages generally require a larger deposit than a standard mortgage

If you have been trading less than 3 years, or there is any decline shown in your figures you maybe better with a self cert mortgage. Some lenders will take an average of the last 3 years figures which again may result in a self cert mortgage being a better option. Whatever your circumstances Mortgages Expert will find the best mortgage for your circumstances.

Self Cert Mortgage Rate Table