Self Cert Mortgages
Self Cert Mortgages and Remortgages
On occasions some applicants, like the self employed or people that have more than one source of income, are unable to provide up-to-date proof of earnings. Therefore, a number of lenders are prepared to accept applications in these circumstances.
The key to getting a self Certification Mortgage right is utilising the skills of professional adviser or mortgage broker. A qualified broker is the only person who will be able to find you the best deal from the whole of the market to fit with your situation - those who cannot prove their income are inclined to have more complicated financial situations or pasts that need careful handling.
Higher risk but more rewards:
Of course, self certification is not the cheapest option - when it comes to mortgages, risk means cost but although you may have to pay a slightly higher rate and have to deal with a lower loan to value ratio, you can be sure that a self certification mortgage will be able to handle all of your financial needs. Need to consolidate debt? Need a longer term? Want to pay off your mortgage earlier? Need a flexible payment plan? Whatever your financial needs, self certification can help - and maybe even save you money.
We have lenders that could assist you regardless of how short a period you have been self employed (they do not insist on any minimum trading period of your business).
Self-Certification mortgages are also available for applicants with poor credit histories.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee may be charged for mortgage advice. A typical example is £500. The precise amount will depend on your circumstances.
Tel: 0845 2911104
Email: info@mortgage-advice-wales.com