what rates do self cert mortgages start at

Deals_2

particularly those with no tie ins who plans to move after a year. thanks in advance.

Mr_helpful

Deals wrote: »

particularly those with no tie ins who plans to move after a year. thanks in advance.

Bit of a dodgy one to answer due to fsa rules on publishing things Contact a broker who I am sure will be happy to help

Conrad

You need to give us an idea of the loan to value - 90% / 75%??

Deals without penalties after 1 year I have seen from about the 6.2% region, but many many things to consider such as whether you are employed / self employed, can an Accountant give a trading reference, type of property, credit rating and so on.

Deals_2

prefer to put 10 or 15% as rather have cash in bank at mo.

Conrad wrote: »

You need to give us an idea of the loan to value - 90% / 75%??

Deals without penalties after 1 year I have seen from about the 6.2% region, but many many things to consider such as whether you are employed / self employed, can an Accountant give a trading reference, type of property, credit rating and so on.

herbiesjp

Just curious - why do you need to self cert, what is it about your circumstances that make this the only option for you?

Deals_2

but maybe you could expand the differences if there is alternative options. thanks in advance.

herbiesjp wrote: »

Just curious - why do you need to self cert, what is it about your circumstances that make this the only option for you?

herbiesjp

Self cert would not necessarily be the first option

A good adviser would listen your current scenario, the needs you have in terms of mortgage requirements and then come back with a few options.

Some lazy advisers may go straight to self cert, however good advisers will always talk a case through with lenders to see if there is a way of getting a full status deal, as opposed to self cert, and the normally better deals that they bring.

What is your income? Why is it irregular?

Deals_2

income is irregular because at the moment i only sell a few bits via the internet or through fairs. so i dont pay myself a regular income as in drips and drabs...is the way but could put a proper business plan on this together as is another business which i help my partner with. should i go down the route of a business plan therefore with a bank for the mortgage then?

herbiesjp wrote: »

Self cert would not necessarily be the first option

A good adviser would listen your current scenario, the needs you have in terms of mortgage requirements and then come back with a few options.

Some lazy advisers may go straight to self cert, however good advisers will always talk a case through with lenders to see if there is a way of getting a full status deal, as opposed to self cert, and the normally better deals that they bring.

What is your income? Why is it irregular?