Best Rates for Self Certs

minimike2

So you have commited mortgage fraud to get a larger mortgage than you can afford / are entitled to?

toonfish

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...?

what income did he put on the application form?

djdaface

_Andy_ wrote: »

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

I do earn another 14,000 a year in non gaurenteed income so it wasnt to get a bigger mortgage it was because They will only accept 60% of what I earn as gaurenteed.

djdaface

toonfish wrote: »

what income did he put on the application form?

I'm not sure off the top of my head, but he did include 3 years P60's

Should I not be going through with this then? It all sounded above board when he was explaining it.

Wutang_2

I think this is possibly a wind up!!

toonfish

djdaface wrote: »

I'm not sure off the top of my head, but he did include 3 years P60's

Should I not be going through with this then? It all sounded above board when he was explaining it.

as long as he has been honest about your income it's fine, but your story has changed a bit from only being able to prove £29,500 you now earn another £14,000

djdaface

toonfish wrote: »

as long as he has been honest about your income it's fine, but your story has changed a bit from only being able to prove £29,500 you now earn another £14,000

My Basic Salary is £25,000 + 10% shift + oncall = £29,500

Because of the nature of my job I do 40-80 hours overtime each month, and this is reflected in last years P60 but not the two before, and I was told without self certing this will not be taken into concideration

I originally was told this would be fine to get the mortgage I need with the HSBC before I made my offer, But when This was accepted and I went to finalise the mortgage they said I could only have £161,000.

Sorry If i wasn't clear but charmed you think I am a wind up

_Andy_

This isn't a self-cert mortgage and the lender can ask for proof of income at any time. Your broker has used a fast-track product not an actual self-cert one.