Self Cert Mortgage FAQs

What is a self cert mortgage?

A Self cert mortgage is where you confirm your income without the need for independent verification. Self cert mortgages are ideal for self employed people or where income is paid by multiple sources of income by irregular means and or bonuses.

How much deposit do I need for a self cert mortgage?

10% deposit is the minimum required by most lenders, a larger deposit can open the door to a larger variety of self cert mortgage deals.

How much can I borrow?

All lenders have their own way of calculating what you can borrow depending on the product you apply for. As we are all individuals there are products to fit all circumstances and your mortgage advisor will be able to find the right self cert mortgage for you.

Can I still get a self cert mortgage with bad credit?

Yes is the short answer, fill the enquiry form out and one of our advisers will conduct a full fact find to discuss your options?

I have recently become self employed how long do I have to wait to get a mortgage

6 Months is the minimum time, but most lenders require 1 years trading with projected figures to assess your eligibility.

What types of self cert mortgage rates are available?

There is a wide range of self cert mortgages available, which are offered in the following rates:

• Fixed
• Capped
• Discounts
• Trackers
• Flexible

Self Cert mortgages require you to accurately and honestly state your income.

Your lender will not ask for a lot of evidence to substantiate your income and therefore you may find that the products available to you are slightly more expensive. This is because of the risk that is involved in granting someone without a quanified income a mortgage.