Self Cert Mortgages

Welcome to the Self Cert Mortgages page, self certified mortgages are mortgages where it is difficult to prove your income which is often the case for self employed people. This could also be due to irregular income due to seasonal work or bonus payments and with self employment becoming much more popular in the UK self cert mortgages are also becoming more popular and easier to obtain.

One problem with self cert mortgages is that the interest rate will usually be higher than the interest rate of standard mortgages, this is less of a problem though these days as self cert mortgages are more popular and so there are more self cert mortgage providers so more competition equals better deals for us! If you shop around online you can often find cheap self cert mortgages and there are even mortgage providers that specialise in self employed customers or people who cannot prove their income so you can often find self cert mortgages that are almost as cheap as the standard mortgages.

Taking out a self cert mortgage is quite simple and the self cert mortgage company will work with you to assess your finances and what you can likely afford to pay, if you are self employed you will likely have a very good idea of what you can afford to pay so this is usually quite straight forward. If you are making regular payments such as on a credit card this can also help as it shows you are financially responsible and as long as you can demonstrate the money that you have coming in then you should have no problems getting a self cert mortgage.