UK Self Cert Mortgage Guide

Self Certificate (Self Cert) mortgages are designed mainly for the self-employed and people with an uneven flow of income. Self Cert mortgages allow these people to bypass the stringent income validation criteria normally associated with most other mortgage types.

As the number of self-employed grows in the UK, traditional mortgages fail to cater for their requirements. Many just do not have a regular, fixed amount of pay. Instead their money comes in when their invoices are paid, in variable amounts and in irregular intervals.

A true self cert mortgage will require you to declare what your income is, but documentary proof, including P60s, payslips, sets of accounts etc, is not necessary.

Self certification mortgages and remortgages are perfect for contractors, self-employed and company directors who might find it difficult to substantiate their income. Often accounts do not necessarily show the cash that flows through a business as it relates to another period.

These people now have the option to choose a lender who enables them to self-certify their income and obtain a mortgage for up to 90% of the value of the property.

At QCK.com our FSA-registered IFAs will ensure you obtain the very best value mortgage available - one that suits your individual requirements.

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