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Self cert mortgage
richie_greenuk
Posts: 90 Forumite
As a sefl employed couple, we need a self cert mortgage - what is the maximum LTV we can get on these and what are 'likely' rates?
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Comments
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BM Solutions will do a 6.65% tracker at 85% loan to valueI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Are there any that would do 90% or is 85% the max?0
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richie_greenuk wrote: »Are there any that would do 90% or is 85% the max?
Just checked on my mortgage sourcing system abd it says that BM will go up to 90% self cert on that deal.
Best to check with them direct though
STOP PRESS : just looked on their site, and it says maximum 80% ltvI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
richie_greenuk wrote: »As a sefl employed couple, we need a self cert mortgage - what is the maximum LTV we can get on these and what are 'likely' rates?
Do you not have any way of proving your income? Self-cert rates are going to be higher and you may not need to go down that route.0 -
No as just gone self employed a month ago. I have payslips from previous employer which only shows a wage of £23.5k. My missus and I are looking at a £175k house (new build so can probably knock em down) which we feel we can afford. She only earns £10k as only works part time to take care of the kids.
Would we get a traditional mortgage? We are with the Nottingham at the moment and they will only lend us up to £134k but we are tied in and have a £3k fee to pay :mad:0
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