Self Cert Mortgages - Self Cert Mortgages | A mortgage only for the self-employed?
You would think so but a variety of people qualify for a "self cert" mortgage in the UK. From company directors to fairground workers so many people can certify thier income and get a self cert mortgage.
Do you Qualify?
·Are you are self-employed?.
·Do you have a profitable business.
·Are you having problems when it comes to getting a mortgage.
Self Cert mortgages were created just for this reason. but not just for the Self-Employed.....
Self-cert mortgage schemes are available to people who are...
• Fully employed.
• Self-employed.
• Seasonally employed (hoteliers, theme Parks).
• Employed but not salaried (commission based).
• self-employed taxi drivers.
Self Cert Features
• With a self cert mortgage you do not have to prove your income using payslip's.
• You can self certify mortgages without having to provide 3 years of accounts
a certified accountant.
You will be needing a self-certification (or self cert) mortgage if -
You are a self-employed worker or a contract worker without a regular income. Self assessment mortgages usually do away with the usual rigmarole of a standard mortgage application, this also makes a self certificated mortgage an ideal solution for people with two incomes. Company directors may to find a self certified mortgage ideal because of their own financial situation, sales people also may also prefer a self certification Mortgage to reflect their changing incomes. Borrowers who work seasonally can see an advantage with a mortgage that is self certified, hotel owners too who see their income change throughout the year may want to self certify their mortgage also.
Self Cert Mortgages (self-employed mortgages) can also be referred to as Non-Status Mortgages
Processes involved
See - mortgage self certification & self certifying mortgages