SELF-CERTIFICATION MORTGAGE
Earning good money but can’t prove it?
Self-employed in your current business for at least a year?
Employed in your current job for at least six months?
If you would like to purchase a new home or remortgage your existing one, but are finding it hard to prove sufficient income, then a self-certification mortgage may be appropriate for your situation.
Many lenders require evidence of earnings or net profit, but with this type of scheme, you do not need to provide accounts, simply certify that you have sufficient income to service the loan.
You could qualify for up to 90% of the purchase price.
Please note:
- Your home may be repossessed if you do not keep up repayments on your mortgage.
- Borrowing is subject to the APR descibed below.
The overall cost for comparison is 7.9% APR
(the Annual Percentage Rate of interest charged on a loan. The interest is compound - which means that the APR relates to the balance of the loan amount at the end of the year after interest has been added - and variable - which means that the lender's interest rate may be changed, subject to advance notification)
. The actual rate available will depend upon your circumstances. Please ask us for a personalised illustration.
