Self Certified Mortgages
A self certified mortgage is for people who cannot provide their income
– for example, maybe a self employed person who does not yet have
a years’ worth of business accounts or someone who is paid in commissions.
Finding a self-certified mortgage may be difficult unless you know who
provides the best deals and how the different self certified mortgage
application processes work.
Not all mortgage lenders offer self-certified mortgages and those that
do often have different criteria to who they will lend money to and to
who they won’t! So if you apply to the wrong lender, and you could,
at worst, get turned down, or, if you get accepted, pay an unnecessarily
high interest rate.
Some lenders who offer self certified mortgages will only make minimal
checks on an application. The bigger the deposit you have (at least 25%
of the purchase price), the easier it should be for you to get a mortgage.
Others will ‘fast track’ your application (meaning they do
not make any financial checks at all, though, of course, they are well
within their rights to do so). Some will ask you to declare that you will
be able to meet the repayments, with no reference to your income at all.
Because getting a self certified mortgage may be convoluted, it is always
advisable to seek independent, expert, help and advice to ensure you apply
for - and get – the mortgage most suitable for you.
Mortgage
Directory |
Mortgages |
| Nationwide |
We are currently the second
largest online mortgage provider in the UK. We are one of the only
major mortgage providers with a full end-to-end online service,
providing a fully credit scored decision for successful applicants. |
|
| First Active |
At First Active, we've taken a fresh
approach to mortgages. We've made them easier to understand, easier
to arrange. No extended tie-ins - just the deal you sign-up for.
Our rates start low and stay competitive. And most importantly,
all our deals are open to everyone, not just new customers. So you
don't have to change mortgage companies every few years to get the
best deal. Our fixed rate mortgages offer great rates and fixed
payments – so you get the best of both worlds. And our discount
mortgages offer you our lowest possible variable rates for a set
period. Simple. Easy to open. Good value. That’s the way mortgages
are meant to be. |
|
| West Brom Building Society |
A wide range of mortgage products to
suit different individual needs all of which can be applied for
online. |
|
Adverse Credit Mortgages |
| Enable Finance |
Enable Finance specialise in providing
adverse credit re-mortgages to people looking to unlock cash tied
up in their home but have current or previous credit issues including
a poor credit history such as CCJ's & mortgage arrears. We have
a wide range of re-mortgages and can lend to applicants even without
proof of income. |
|
Commercial Mortgages |
| B2B Mortgages |
B2B mortgages are specialists in sourcing
Commercial Mortgages for sole traders, partnerships, limited companies
and investors. We search all lenders available for the lowest possible
rates. |
|
| Simply Business |
Whatever your financial situation and
need, Decision Finance endeavours to help you secure funding. We
work with the leading providers for each financial product and provide
you relevant, free quotes, most of them instantly. |
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