Self certification mortgages were first introduced to help self employed borrowers who could not provide three years of accounts to verify their earnings. If you are self employed, you simply self certify your earnings. Some 14% of the UK population is self-employed with the prediction there will be about 3.2m in this position over the next 10 years.

It is understandable, therefore, that when introduced, self cert mortgages for the self-employed very quickly became a very popular method of borrowing. It clicked with the employed too, particularly those whose earnings were uneven, for instance those with variable bonuses and commission based income.

You simply state what your likely income will be, rather than provide documentary evidence, for many lenders do not ask for proof of income, particularly when a substantial deposit (25%+) is put down. Naturally, such a system can be abused and self cert mortgages have come in for criticism, with borrowers inflating their self certified income to obtain bigger loans. In the end, as any mortgage adviser will tell you, your home is at risk if you do not keep up the repayments of a mortgage or other loan secured on it.

We will be able to advise you further and will be able to place your mortgage application with lenders who specialise in self certified mortgages, once we have been able to review your individual circumstances.

	Self Cert 'Best Buys'
	To view current Self Cert 'Best Buy' mortgages, click this link or the arrow right

If you prefer, you can take the opportunity right now whilst you are online, to request a buy to let mortgage adviser to contact you at your convenience regarding which self cert mortgages you could apply for right now. Just click on the Advice link below.

For advice as to whether a self cert mortgage is the right choice for you, please click this link.