self cert mortgage

Kattelan

who are the best for providing self cert mortgages

herbiesjp

It really does depend on your circumstances as to who is best - as they all have different criteria.

If you can give a few more details about your situation it would be helpful

payless

ensure you read
http://www.fsa.gov.uk/consumer/07_MORTGAGES/getting_started/selfcertification.html

Kattelan

what details would you need

meanmachine_2

Kattelan wrote:

what details would you need

Well, how much do you earn?

How much do you need to borrow?

WHy are you interested in a self cert?

Are you self employed?

Are you simply interested because you've been told you don't need proof of income?

Why don't you want to provide proof of income?

As a FTBer you'd think I'd be in favour of self certs. In fact I think they're at least partly responsible for the massive house price inflation we've seen.

Why should I be competing for a property against someone who earns half what I earn, but has lied-to-buy?

Anyway, sorry to get on my soap box again. To the OP I'd say go for a standard mortgage if you can as that way you'll have the most policies to choose from and can receive the best (lowest) rates.

herbiesjp

sometimes people ask for self certs without realising that they can actually get a "normal" mortgage

meanmachine_2

herbiesjp wrote:

sometimes people ask for self certs without realising that they can actually get a "normal" mortgage

Apols to the OP. Question to herbie: is it possible to get a standard mortgage on a 12 month contract, providing three months' worth of pay slips?

Also, what is an employer's reference when it's at home?

Sorry, but I thought I'd ask, just for my future self.

herbiesjp

If you have had a stable employment history within the same field i.e. your contracts have been renewed regularly then a standard mortgage will be available - this question is bit of "how long is a piece of string" in that provided you have an adviser that will talk to lenders as opposed to just looking at a sheet of their criteria, you will always try to find a lender to offer standard rates.

An employers reference is where a lender will write direct to your employer to confirm certain details : ie various income streams (bonuses,o/t basic), length of service, NI number etc etc

Sounds like you are looking also

Hope this helps