Self Certified Mortgages

Self certification of your income means that you do not have to prove your earnings. Our site - Mortgages in the UK - can help you to find and identify the best lender to meet your self cert mortgage needs.

Why not take the opportunity right now whilst you are online, to make a Free No Obligation Enquiry about a self cert (certification) or self employed mortgage?

What is a Self Certified Mortgage?

Self certification mortgages (or "self cert" mortgages) were first introduced to help self employed borrowers who could not provide up to three years of accounts to prove and verify their earnings to mortgage lenders. About 15% of the UK population are self-employed in the UK, with the prediction there will be about 3.2m people in this position over the next 10 years.

Self-certification is a way of declaring your income without producing payslips or accounts. Normally you do not have to provide any further proof of income, particularly when a substantial deposit (say 25%+) is put down. You simply 'self-certify' or state what you earn and the lender will not insist on seeing your payslips or audited accounts.

Self cert mortgage lenders will always supplement your declared self certified income information with credit searches. And, if you are a home owner, you will be asked to supply up to date copies of your existing mortgage statements, and if you are renting, the lender will ask for a reference from your landlord.

'Self cert' mortgages for the self-employed have become a popular method of borrowing; Self cert mortgages are also available for the for the employed, particularly where the borrower has additional or multiple sources of income.

However, some lenders who offer self cert (certfication) mortgages may still insist that you to prove your income in other ways, such as by providing an Accountant's Certificate. This is a letter or document signed by your registered accountant to say that your income is sufficient to service the loan requested. You may also be asked to produce your business bank statements for a set period so the lender can look at the gross income you have received. Some lenders may also just ask for your employer's telephone number and may call to verify that you are employed by the company that you declared.

Enquire now

If you prefer, you can take the opportunity right now whilst you are online, to enquire about a mortgage.

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