Self certification mortgages

Self-certification mortgages are designed to assist people who have an irregular income pattern, or who may have trouble proving their income, to finance the purchase or remortgage of a property.

There are an estimated three million self-employed individuals in the UK. Additionally, there are millions more who receive their income on an irregular basis – such as via commissions, bonuses, investments, or directors’ fees - rather than through a regular salary.

To assist them in financing their homes there are a number of specialist lenders who provide a range of self-certification mortgages.

The application process for self-certification mortgages will usually involve some form of credit scoring and proof of income requirements which may include a combination of:

• A statement of earnings from the applicant
• A declaration of income from an accountant
• Credit searches (Equifax, Experian etc)
• Mortgage statements
• Landlord references

Self-certification mortgages are also known as “self-employed mortgages” or “non-status mortgages.”

Professional advice should be sought from a qualified mortgage broker or IFA in order to help you select the right self-certification mortgage product based on your individual circumstances.

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About your mortgage

Are you looking to: How much would you like to borrow? Buy a property Remortgage a property Buy a property to let     How long do you need the mortgage for? 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years 30 years 40 years 50 years   Proceed to step 2.

Step 2 of 3	About your mortgage
Estimated property value?   Are you a first-time buyer? Yes No   Do you need to self-certify your income? Yes No   Have you: Had a CCJ or Default registered against you? Missed one or more secured loan or mortgage payments in the last 12 months? Been declared bankrupt or had an IVA? Proceed to step 3.

Step 2 of 3	About your mortgage
Estimated property value?   How much would you like to borrow?       Proceed to step 3.

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Your details

First name: Last name:     Phone number: Alternate phone number:     E-mail address: Date of birth:   -- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 -- January February March April May June July August September October November December ---- 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989   First line of current address: Current postcode:     Based on your requirements we have selected the FSA regulated broker Broker Name to help you with your enquiry. Please click SUBMIT to confirm that you are happy for them to contact you by telephone/e-mail.

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