Self-certification (self-cert) mortgages are particularly useful and attractive to self-employed borrowers or anyone who needs to stretch their finances so they can afford the home of their dreams.
The borrower states his or her income to the lender without proof and the lender accepts that statement. This is useful for self-employed borrowers who may have difficulty proving their income or estimating one's income in the forthcoming year. It is also useful for employees on PAYE whose income is partially reliant on sales or productivity bonuses and commission.
No checks are made on the borrower's income. Not all lenders will offer selfcert mortgages and many will insist on an absolute minimum of 10% deposit.
Whatever your personal circumstances our brokers will find the very best selfcert deal to suit your needs from over 200 lenders; banks, building societies and other lenders.