Types of Help > Self Certification
Self Certification
If your income comes from a number of different sources or if you are self employed and your accounts are not up to date or they do not go back far enough for a conventional lender to count them, it may be possible to declare your income to a lender without submitting proof of that income.This type of loan usually works best for self employed people. You may need to justify your need to self certify if you are employed. Please telephone us if you are unsure.
You should only certify income that you genuinely expect to receive. The income multiples that lenders require still apply and the lender will maintain the right to either refuse your application or require some evidence of your declared income if there is an obvious discrepancy between your declared occupation and your declared income.
Nevertheless, this type of product can be very useful in some situations.
Not all lenders use income multiples to decide the maximum amount that they will lend you. Some use “affordability” calculations which could result in more being offered than under the usual lending rules. Everyone’s circumstances are different which is why it is best to use the services of a good broker - such as us
Self certification rates are generally higher than mainstream mortgage rates.
Contact us for more details >>
The overall cost for comparison is
12.90% APR. The
actual rate available will depend upon your circumstances.
Ask for a
personalised illustration.
Do you really want to make the biggest purchase of your life without talking to David Tonge first?
Call us now on 0161 976 2016 or 07957 324631
Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate a fee range of between £0 to £495
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK
David Tonge is an Appointed Representative of BDS Mortgage Group Limited
which is authorised and regulated
by the Financial Services Authority for Mortgages and Non-Investment Insurance,
FSA Number 301646
David Tonge is not authorized to give any advice in relation to investments or investment products
15 The Crofters, Sale, Cheshire, M33 2NR
davidtonge@ntlworld.com