Best Rates for Self Certs

Riverman68

Can anyone tell me who's doing the best rates for self certs?

I've been advised to go with Standard Life Bank who have got the following:
3 yr fixed 6.64%
5 yr fixed 6.47%
10 yr fixed 6.27%
Tracker @ 7.12%

toonfish

Standard Life don't do self-cert, tread carefully

Mathsguy

toonfish wrote: »

Standard Life don't do self-cert, tread carefully

According to money supermarket, they do.

Also according to MS, looks like Abbey do a 6% self cert with £999 fee if you have 25% deposit

_Andy_

As Toonfish rightly says, these aren't self-cert rates.

Who is that's recommended these to you?

_Andy_

Mathsguy wrote: »

According to money supermarket, they do.

Also according to MS, looks like Abbey do a 6% self cert with £999 fee if you have 25% deposit

Abbey don't do self-cert rates at all. They do offer 'fast-track' but that's completely different.

Wutang_2

"According to MoneySuperMarket..." haha...anyway, the best way to find out is by speaking to someone (I am starting to think that this message needs to be in big letters at the top of the screen).

The mortgage all depends on LTV, credit history and a lot more so I dont think people posting numbers on here followed by a company is going to help anyone!!

wow - not supposed to sound harsh but saying "Igroup 8%" is not much use

toonfish

Mathsguy wrote: »

According to money supermarket, they do.

Also according to MS, looks like Abbey do a 6% self cert with £999 fee if you have 25% deposit

Put it like this, if I advised you to take a "self-cert" mortgage with Standard Life or Abbey I'd be leaving myself wide open to a complaint, and potential mis-sale.

Just because it's on the internet doesn't mean it's true. Some brokers may well offer this a self cert, it depends who moneysupermarket sell the lead to

_Andy_

I was speaking to a client last week, sourced the best self-cert fixed as he'd only been self-employed 7 months. Straight away he said "I've been quoted 5.87 with Abbey via another broker". Despite my pointing out that Abbey don't do self-cert etc etc he went ahead with the application.
Turns out his broker put him down as 'employed' with time in employment as 7 years.
Fast-track gets completely mis-used a lot of the time.

toonfish

_Andy_ wrote: »

I was speaking to a client last week, sourced the best self-cert fixed as he'd only been self-employed 7 months. Straight away he said "I've been quoted 5.87 with Abbey via another broker". Despite my pointing out that Abbey don't do self-cert etc etc he went ahead with the application.
Turns out his broker put him down as 'employed' with time in employment as 7 years.
Fast-track gets completely mis-used a lot of the time.

coming across this ourselves more and more often. I can't help enjoying it when they get asked for income proof and it all goes tits up, which I've seen twice last week.

djdaface

My broker has just self certed me 6.54% fixed for 3 years with halifax with a £999 fee

I was comming on here to complain and find a better deal, but i take it thats pretty good?

Im employed and have a proven income of £29,500 a year and need a mortgage of £180,000 but he said I would have to self cert for that...?

_Andy_

djdaface wrote: »

My broker has just self certed me 6.54% fixed for 3 years with halifax with a £999 fee

I was comming on here to complain and find a better deal, but i take it thats pretty good?

Im employed and have a proven income of £29,500 a year and need a mortgage of £180,000 but he said I would have to self cert for that...?

That isn't a self-cert mortgage and the application is fraudulent.