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Self Cert Question

rlc22
rlc22 Posts: 385 Forumite
in Mortgages & endowments
I've got a friend who is self-employed and therefore needs to self cert when it comes to re-mortgaging.

Please can anyone tell me what the maximum LTV on a self cert mortgage at the moment is?

Thanks :D

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    How long has your friend been self employed?
    I 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.
  • rlc22
    rlc22 Posts: 385 Forumite
    2 years I think?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Does your friend have at least one years accounts?

    If so, he may be able to get a full status deal with some lenders
    I 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.
  • rlc22
    rlc22 Posts: 385 Forumite
    Yes - he should do. So I guess then he'd be looking at the 90% mark for LTV?

    Thanks for your help. I know he's been worried about it lately with all the talk of HPC and rates being withdrawn and stuff.
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