Self Certification Mortgage

Self Certification Mortgage

A Self-Cert Mortgage is an option to consider if you are unable to prove your income. You may not be able to prove your true level of income for a variety of reasons.

For example:

• I have not been self-employed in my business long enough.
• I have erratic income because of bonuses or commission.
• I have an second job which provides me with extra income.
• I have a poor credit rating and may have County Court Judgments (CCJs)
• I have arrears or missed payments
• I am in an IVA or I have been discharged from bankruptcy

What next?

The mortgage lender may ask for a rough idea of your income but don't worry! They will not ask for definitive proof that your income is at the level you state. Be careful though, and don't over extend yourself as you may get into difficulty if you exaggerate your income wildly! Some people have blatantly lied about their true income which is illegal!