Self Certified Mortgage
It can be difficult at the best of times when you’re self employed, especially when you’re just starting out in business. Generating cash flow is the first objective through to earning enough money to survive which comes later. When it comes to securing finance you want to know that you are getting the best advice in order to ensure that the process is as hassle free as possible.
Securing a remortgage is never an easy task with little or no proof of income – this of course is most problematic for those newly self employed. Without detailed audited accounts, tax returns and accountant references, proving income can be troublesome to say the least.
Traditionally mortgage lenders will not look upon these types of applications favourably. Even in today’s mortgage market a self certified loading is often applied to the interest rate. A self certified loading can typically be 0.25% higher than a ‘conventional’ status application - representing a higher lending risk in the event of mortgage default.
Even if you are employed with various sources of income, then we may have the solution for you. Self certified mortgages are common place in today’s market for both employed and self employed borrowers. They may be arranged on variable rates, fixed, discounted and capped rates. Fill in our quick and simple enquiry form today in order that you can find out what competitive rates are on offer for your circumstances.
Self Certified Mortgage | Non Status Mortgage | Fixed Rate Mortgage | Discounted Rate Mortgage | Capped Rate Mortgage | Tracker Mortgage | Flexible Mortgage