Self Certification Mortgage

Self certification mortgages are relatively new to the market. These mortgages are intended for people which can not provide evidence for their full income they earn or for a portion of it or simply do not want to.

Be it that these people are self-employed, are on a flexible income scheme or do not want to reveal their income source or volume; all can opt for a self-certification mortgage.

The borrowing limit varies from lender to lender but usually it is the same as with regular mortgages.

Self-certification mortgages are not mainstream mortgages hence it may be a little bit more difficult to find one. Be thoroughly informed before you chose a self-certification mortgage and compare interest rates available for other mortgages before committing to a specific mortgage.