Self Certify

This means that you donít have to supply the lender with proof of your earnings as long as you can confirm that you can afford the monthly payments. This is ideal for those who are self employed, commission based or receive most of their income in the form of dividends. We would ask you to complete a budget planner to show how you will meet your monthly mortgage commitment and other expenses. You would usually need a minimum of 10% deposit in most cases and sometimes the rate will be slightly higher than normal.

This type of mortgage has become very common over the last few years because there are now a lot of people who would have difficulty confirming their income but can easily afford the monthly outgoings. An example of this could be someone who works on commission only and their income fluctuates greatly month by month or someone who is freelance and therefore would earn irregular lump sums when their work is completed. Another example may be someone with a low income who receives money from other sources ie savings or a trust fund.

As far as mortgage deals are concerned, there are still the same choices of rate as a mainstream loan ie fixed rates mortgages,discount mortgages etc but the rate charged will be higher.

If you fit into any of these categories and wish to know if you can get a mortgage then please complete our enquiry form.