We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Is it still possible to get a Self Cert mortgage?
United762000
Posts: 12 Forumite
I read somewhere that there is no longer a facility to get a self cert mortgage. Is this true? Can you still get them and how what would be the steps to getting one?
Many thanks
Many thanks
0
Comments
-
No you cant get them anymore.I 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
-
They no longer exist. You may be able to get a remortgage through your current bank by switching products such as from variable to fixed but getting a new mortgage on a property will be nearly impossible.united762000 wrote: »I read somewhere that there is no longer a facility to get a self cert mortgage. Is this true? Can you still get them and how what would be the steps to getting one?
Many thanks:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
united762000 wrote: »I read somewhere that there is no longer a facility to get a self cert mortgage. Is this true? Can you still get them and how what would be the steps to getting one?
Many thanks
They no longer exist. Why would you want one though?0 -
Liar mortgages have gone.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
Semi self cert is an option - depends on your Accountant and credit score. Some lenders can consider 1 years accounts, subject to deposit size. There is nothing illeagle in your Accountant jiggling the figures such that your most recent year shows higher profits / dividends etc.0
-
The FSA has taken the view that income should be verified for all mortgage borrowers, so it's no longer really possible to obtain a self-certified mortgage in the UK.
There's also a facility for mortgage lenders to check income validity with HMRC to see if it's consistent with HMRC records, at a cost of £14 a time and only when they suspect the accuracy of the information provided.0 -
-
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
You can no longer have what back?You can no longer have them back.
Post-building pre-spam, methinks...
I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
....unlike the liar IFAs.....:D
If you have been lied to by an IFA you need to complain and report them to the FSA for not treating you fairly.
Coming on a public forum and being a D*ckhead is not going to resolve anythingI am a Mortgage Adviser
You 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards