A Mortgage Now - Self Cert Mortgage
We promise to give you the very best independent mortgage advice from qualified and highly experienced Advisers.
What is a self cert mortgage? |
| A self cert, or self certified mortgage, is a specialised mortgage contract where the Lender does not ask for proof of income. |
What are the advantages of self cert mortgages? |
| Self certified mortgages are especially useful for the self employed, those with variable or bonused income, and those with multiple incomes. |
Are self cert mortgages still available? |
| Although common place from the mid 90’s until 2007, self certified mortgages are now available from a very small selection of Lenders. |
What about Fast Track mortgages? |
| Fast Track mortgages are arrangements where the Lender may not ask for proof of income but reserve the right to do so. A number of mainstream Lenders will underwrite certain cases on a fast track basis. Fast Track is available up to 75% loan to value. Fast Track mortgage underwriting for the self employed is rare in the current market. |
