Best Buy Mortgages - Self Certification / Self Cert Mortgages in the UK

NOTE: since the credit crisis the best buy tables for Self Certification / Cert Mortgages in the Uk are no longer available. You can see what was offered in the past using the links further down this page.

As soon as they start again we will show them to you !

Read more about Self Certification / Cert Mortgages ____See All Best Buy Tables

Loan to Value.

This is the percentage which shows the size of your mortgage vs the property's value.

For example, if your mortgage is £80,000 and the property's value is £100,000 the loan to value is 80%.

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Mortgage Lender

This shows the company who is offering the mortgage loan. It could be any financial institution that offers and/or arranges mortgages. They could be an insurance company, a building society, a bank, a friendly society, unit trust managers and even supermarkets.

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Rate

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Period

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Rate Reverts To

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Fee

The arrangement fee. This is what the lender charges for setting up the mortgage and is is usually payable on completion of the mortgage.

It usually costs between £100 to £300 - or can be "free".

Be careful here: This fee may be payable, even if your application doesn't succeed. And there may be other charges for example an additional Application or Administartion etc Fee. So check this beforehand.

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Incentive

This could be any type of incentive that the mortgage lenders are using as a "loss leader" / marketing ploy. A typical example would be a cashback.

ASU = , sickness & unemployment insurance.

B+C = Buildings & contents insurance.

U = Unemployment insurance.

FTB = First Time Buyers only.

MIP = Mortgage Indemnity premium.

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Redemption

For example you may have a mortgage for a three year fixed interest rate of 5%. If you want to get out of this deal before the three years is up you'd probably have to pay a redemption penalty.

This is a charge which supposedly compensates the mortgage lender for the time and expense of your leaving.

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