Self Cert Mortgage Resources
Guardian - Self-certification mortgages
About 14% of the UK population is self-employed and Alodis, an organisation that offers advice to people who are self-employed, predicts that, over the next 10 years, there will be about 3.2m in this position.
Guardian - Don't take risks with your future
Getting a mortgage is now a relatively simple procedure for people who own their own business provided they have accounts dating back more than a couple of years. However, if the business has not been trading for very long, it is likely that the accounts will not go back far enough to satisfy potential lenders. It is also likely that company accounts will be audited so as to reduce the tax liability rather than reflect the real amount of cash available to a borrower.
Guardian - Can I get a postgraduate mortgage?
The only alternative would be a self-certification mortgage, which doesn't require you to provide proof of your income or say what its source is. However, self-certification mortgages tend to be expensive, you'll typically need to use a broker to find a suitable lender (which usually involves a fee) and you'll need a minimum deposit of around 15% of the valuation of the property.
This is Money - Loans for the self-employed
If you work on a contract you can get a loan, but it may not be as easy as for traditionally employed people. Some lenders may be happy if you can prove that your contract has been renewed by the same employer. Others may want to see a pattern of renewals over a one or even a two-year period.
FSA - Self-certification mortgages - Summary of research
Summary of FSA research into the advisory and sales practices of smaller brokers on self-certification mortgages.
MoneyFacts - Best Buys Self Certification Mortgages
MoneyFacts - Self Certification Mortgage Guide
Self-certification mortgages are available if you cannot verify your income. This could be for a number of reasons.
About Self Certified Mortgages »
Self Cert Mortgage Hints & Tips
»
» Self Cert Mortgage - The Basics
» The Benefits of a Self Cert Mortgage
» What you need for a Self Cert Mortgage
» Self Employed Mortgages
» Self Cert Mortgage FAQs
» Self Cert Mortgage Guide
» Self Cert Mortgage Resources
» Self Cert Mortgage Glossary
» Self Cert Mortgage - Why Use Us
» Self Cert Mortgage News
A Self Cert mortgage is ideal if you are self-employed or have have
difficulty getting a mortgage from high street lenders. Clickngomortgages.co.uk
mortgage brokers have access to specialist self cert mortgage lenders.
We know which lenders are best geared up to meet the needs of the
self-employed borrower. Whether your shopping for a fixed rate mortgage,
capped mortgage, discounted mortgage, tracker rate mortgage or flexible
rate mortgage.
Our mortgage calculator can quickly work out how much you could
save by remortgaging with clickngomortgages.co.uk mortgage brokers.
Tue, 09 Dec 2008 14:03:56
Comments
Self cert Mortgages & the FSA
We used to live in a society of tomorrow doesn’t matter, High Loan to value (LTV) loans, self cert mortgages and a focus on high growth and high risk sub prime lending which meant that some lenders lost sight of the risks they were taking. The market is seeing much of this lending now unravel.
Mon, 29 Sep 2008 12:57:42
Comments
Self Cert Mortgages to Blame
Self cert mortgages have been labelled as the reason for the credit crunch and the impending recession. Criteria for lending has been tightened and many self cert products have been pulled from the market.
Fri, 26 Sep 2008 11:03:57
Comments
The End of an Era for Bradford & Bingley and Self Cert Mortgages
With the nationalisation of Bradford & Bingley have we witnessed the end of self cert mortgages and buy-to-let and the beginning of safer, less risky lending?
Thu, 18 Sep 2008 14:27:19
Comments
Self Cert Mortgage Rate from Kensington
Kensington launch five year fixed rate deal to include self cert mortgages. Great rates on self cert mortgages, start with Click n Go.
Mon, 25 Aug 2008 12:31:25
Comments
Is the Credit Crunch affecting Self Cert Mortgage Lending?
Self cert mortgages are feeling the pinch in the credit crunch and so much so that many lenders have pulled their products from the market. To find a self cert mortgage deal now, you need to seek mortgage advice from a broker who has access to the whole market.
Wed, 20 Aug 2008 16:54:00
Comments
Self Certification Case Study - How NOT to apply for a Self Cert Mortgage
If you are thinking about applying for a self certification mortgage, then make sure you understand the process and the responsibility of a mortgage where you state how much you earn.
Mon, 14 Jul 2008 13:41:28
Comments
The Responsibility of a Self Certification Mortgage
We recently reported the story of a mortgage broker who was fined £10,500 for what was seen as fraudulent self cert mortgages, but who is responsible?
Tue, 01 Jul 2008 09:58:06
Comments
Self Cert Mortgages gone mad?
Have self cert mortgages gone mad with the 'liar loan' craze? With the number of products available to those looking for self certification greatly reduced on last year, are we looking at another sign of the credit crunch?
