Self-Certification Mortgages for UK

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Self-Certification Mortgages UK

What Is A Self-Certification Mortgage?

Aren't Self-Certified Mortgages Only For the Self-Employed?

What Type of Self-Certified Mortgages Are Available?

Aren't the Interest Rates Higher?

How How Much Can I Borrow with a Self Certifying Mortgage?

Where Can I Get A Self-Certifiying Mortgage?

Do I Need To Go Through A Mortgage Broker To Self-Certify?

Latest Best Buy Rates for Self Certification Mortgages

What Is A Self-Certification Mortgage?

Historically, people who were unable to provide evidence of all their income have often found it difficult to get appropriate mortgages:

They were offered mortgages that were too small
They were refused completely

Self-certification mortgages provide a solution to this problem for many people whose full income cannot be guaranteed or documented.

Although self cert mortgages, as they are known, are often associated with self-employed people, in fact they are available to people from all walks of life, regardless of their employment status.

Self-certification mortgages are just like regular mortgages except for one thing:

You do not have to prove your income

All you have to do is provide a signed declaration of your income and your ability to afford the mortgage you are applying for:

Your accounts will not be checked
You will not have to prove your financial or employment status
The only checks will be standard credit checks

Aren't Self-Certified Mortgages Only For the Self-Employed?

No. It's a common misconception that self-certified mortgages are only for the self-employed.

In fact, they are available to anyone who cannot or does not wish to prove their full income, but would like to be able to borrow an amount based on that income.

A huge range of people are eligible for self-certification mortgages. Here are a few examples:

Employed people with more than one income – e.g. a part-time business, or several part-time jobs
People with income from investments or pensions
Seasonal workers
Self-employed
Freelancers and Contractors of any kind
Company directors who are unsalaried
Workers who are paid on commission only
Workers whose annual bonus is a large part of their income
Temp or agency staff, whose income varies and cannot be predicted

Self-certified mortgages are extremely flexible and simply require you to decide how much you can afford to pay each month and how much you earn, in total, each year.

To read more on this subject please see the list below or your mortgage guide or your home buying guide

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Value of Property	£
		(eg 125000)

Borrow How Much?	£
		(eg 92500)

Your Mortgage Type

First time buyer?		Yes No
Have you found property?		Yes No
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