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Self-certification* mortgages are designed for individuals who are unable to prove their income by reference to payslips or business accounts.
A self-certification* mortgage, therefore, is a mortgage whereby your borrowing power is based upon your actual income that is actually earned but cannot be proved.
Usually, self-employed* individuals present their accounts as proof of their earnings and where the business has been established for more than three years, you should be able to apply for a standard mortgage.
If this is not possible, then it is likely that you can apply for a self-certification* mortgage.
Employed individuals that derive much of their income from overtime, commission and bonuses will also find self-certification* useful in obtaining the mortgage they need, as many lenders will not consider this type of income at its full value when calculating how much they would be willing to lend.
We have access to many lenders offering self-certification* mortgages up to 90%* of the property value, including a number of exclusive schemes. Fill in our online form and we will contact you shortly to discuss your individual requirements, and remember Advice Given.
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