Self-certification dried up?

Charlton_King

Any brokers around and if so can they give a brief overview of what's happening with regard to self-cert mortgages?

sarkin

There are a few deals around but rates are either not competative or high arrangment fees.

If you need to self cert it will be expensive.

Charlton_King

Self-cert has always been more expensive.

Are people saying that it is now exorbitantly so?

meanmachine_2

See for yourself why don't you?

http://www.moneyfacts.co.uk/mortgages/bestbuys/self-certification-mortgages.aspx

I'd put "over 6%" and "percentage of loan as an arrangement fee" into the exhorbitant category myself.

A terrible time to be self certing if you ask me.

Dan_Collins_2

Well most self cert lenders have either gone back to the US with the yanks or the UK lenders that self cert have got a little spooked and reduced loan to values and increased rates. HArdly any lenders left to self cert with but they are out there at a premium.

herbiesjp

First question is:

WHy do you think you have to go self cert?