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Self Certified Mortgages
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, but cannot provide detailed
records of audited accounts and tax returns for the
past three years, it can be a struggle 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,
a type mortgage which does not require proof
of income might be suitable.
With a self certified mortgage you do not have to provide
accounts, payslips or other proof of income, but
instead you simply certify what your income is and that you have sufficient income to service the
repayments. You could qualify for up to 75% of the purchase price.
Even if you have adverse credit or previous arrears,
there may be lenders who can help.
Exclusive Deals
An independent broker has access to the whole of the
market which may include some exclusive deals only
accessible through a broker.
Find You the Best Mortgage Deals
Simply complete the no
obligation online enquiry form and a mortgage
adviser will get back to you with the best
options available.
Tell The Truth
You may be thinking, if the lender doesn't check up on
your income, what's to stop you stating an inflated
figure in order to borrow more? It's important to tell
the truth as lying about your income on a mortgage
application is a criminal offence and in theory you
could be prosecuted for fraud.
There should be no reason to overstate your income as
lenders will happily take into account all forms of
your income, including second jobs, rental income,
regular bonuses and overtime.
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YOUR HOME MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY
OTHER DEBT SECURED ON IT.
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Resources | Important
Info / Disclosure
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