Self Certification mortgages are applicable to those who are self employed, freelancers, company directors, commission based workers and people with more than one source of income.

With a self certified mortgage, borrowers can declare their income to a lender who will carry out credit checks to assess your suitability. The final decision rests in the hands of the borrower as it’s up to them to keep up regular payments of the loan.

Self Certified Loans are ideal for those who find it difficult to confirm their income in the traditional way required by most conventional mortgage lenders.

With a self certificate mortgage, borrowers can just declare their income to a lender who will then carry out credit checks to assess your suitability. The decision rests around the confidence the lender has in the borrower’s ability to keep up regular repayments of the loan. 

Self-certification used to be an expensive way to buy a home. It was a byword for little choice, higher rates and expensive fees. Now there’s unprecedented competition between lenders. Rates have tumbled and it’s cheaper than ever before to get a self-certified mortgage.