Personal Touch Financial

These types of mortgage are for people who have difficulty in proving their total income. Self Cert Mortgage or remortgage aims to break down the old barriers that have traditionally faced those who find it difficult to prove their income (self employed/contractors/freelancers).

So why self certification?

Often the self employed/ contractors/ freelancers/ city brokers are paid by either big bonuses or in the case of the self employed their accounts are produced annually in arrears which often does not represent their current financial position, or in the case of the employed person who may also have significant investment income. 

On some occasions this can be very difficult prove, so what a lender would look for when a applicant requires a self certification mortgage would be track record and often credit score and history is very important and the deciding factor to having this type of mortgage approved.

Also you will find that this type of product will have limitations as to how much a lender will borrow, with the normal being around the 85% although a few lenders do on occasion extend this to 90% LTV (Loan To Value), you will however usually find the better rates available the lower the loan to value ltv.

For more information on our range of self certification mortgages and remortgages please complete one of our quick enquiry forms and one of our professional advisers will contact you to discuss your requirements further.

Why not have a look at our latest Self-Certification Rates

 these are a sample of some of the companies available