Self certification was a scheme which allowed those employed, self employed, newly self employed, seasonal workers and sub contractors to borrow mortgage funds to their full earnings potential. Add to that the list of potential remortgage customers or housebuyers that earn from a non-traditional standpoint and self certification provided a way that they can secure the finance that they need. True self certification meant the lender did not undertake any check of the income figure stated on the application by a prospective customer, by means of referencing or income documentation. In other words you, the customer, declared your own earnings.

Self certification is now no longer supported by mortgage lenders.

Being a self employed borrower will usually mean you will be restricted to a lower maximum LTV. Most lenders will reflect the increase in risk attached to self employed lending by restricting the loan to value to about 75% of the property's value.

Many people with non-standard employment struggle to get a mortgage. Much of their income may be made up of overtime or bonuses (which mainstream lenders will usually take 50%). Often people are on short term contracts or have multiple occupations (again many lenders will only take 50% of the income from a second job). We provide expert advice for these types of people and will suggest sympathetic lenders who may be able to provide you with the funding required.

So if you are moving house, remortgaging to save money or to raise more capital, or simply consolidating your other debts, the finance you require may be more accessible than you think. Simply contact us for a FREE no obligation mortgage quote.