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Why would I need a self cert mortage?
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One of the fundamental aspects of any mortgage loan application process is being able to prove your income. This can present real difficulties for certain individuals. You may be self employed and your accountant won’t let you show true earnings for tax purposes or you may be employed with a substantial proportion of your income being from dividends or commission. In both scenarios a self certification mortgage is likely to be the only way to overcome the proof of income barrier and entry into the property market. |
For employed people, most lenders will only lend a proportion of bonus, commission or dividend income so meeting their income multiples becomes impossible. In these circumstances, a self certified mortgage becomes the route to go. At Aardvark Mortgages we have the ability to select the correct lender for all cases and circumstances - which are not normally available from High Street Lenders.
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What is a self certification mortgage?
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The simplest description of a Self Cert Mortgage is a specialist mortgage aimed at those who are not eligible or are excluded from "standard" mortgages due to their inability to prove their income through the usual process that a standard mortgage application would follow. A self certification mortgage allows you to certify your own income often not requiring independent confirmation. |
With a Self Cert mortgage, borrowers should expect to pay above the rate offered for a standard mortgage. The rate applicable will be directly linked to your credit rating, the amount and the risk the lender perceives. Understanding your affordability is key with Self Cert mortgages. It is essential to ask for detailed advice on Self Certification from an independent, qualified and regulated adviser, of which all at Aardvark are. |
Why use a mortgage broker & why Aardvark
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Dealing with a specialist mortgage broker allows you the choice and the flexibility of the whole of the market. With thousands of products from all the lenders in the market and terms and rates changing daily, let us help you make the right choice when it comes to your mortgage needs. Our professionally qualified and experienced brokers can guide you through the sometimes difficult language of mortgages and provide you with the best solution that fits your particular circumstances. |
All initial advice is FREE. Only on completion on a mortgage with us is an administration fee payable and if for any reason you do not complete on your mortgage there is nothing to pay for our service. You will always be advised of the exact fee that may be payable before you make any decision to go ahead. What next? Call us on 0845 3445580 or complete the form below. |
Complete form below & leave the rest to us!
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A fee may be payable for mortgage advice, depending on your circumstances, of up to 2% of the loan amount.
Registered in England and Wales at 40 Alexandra Road, Wisbech, Cambs, PE13 1HQ. Reg no. 5625167. Aardvark Packaging Ltd introduces clients submitting enquiries through this web page to regulated Independent Mortgage Advice companies for which it may receive a fee of up to £200. The content of this web site is information on the services that are offered by our partner advice companies. The content of this website must not be taken or used as advice on the type of mortgage that is most suited to your needs. Aardvark Packaging Limited hold no responsibility for an advice given by our partner companies.