Self Cert Mortgage - Explained

You want to get a mortgage, but you don’t have a regular job, or you have a bad credit rating, or you are self employed. Mortgage companies have recognized the fact that there are a lot of people who have income but cannot prove it. So the option in such cases is to get a self cert mortgage. More and more mortgage companies are offering Self Certified Mortgage Deals. Previously if you applied for a self employed mortgage or for a self- certified mortgage, mortgage companies would charge a higher interest rate plus would want you to put down a higher deposit.

Well the scenario has changed now and if you can prove your income you can get self certified mortgages at almost the same terms as a normal mortgage. If you are self employed and have a good credit rating you can qualify for Mortgages For The Self Employed. So don’t think that you cannot get a mortgage because you change jobs often, or you only get paid commissions or you are working part time. You can get self-cert mortgage and you will need to do some homework to find a suitable self-certified mortgage deals for yourself.

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Debt Consolidation Advice, Help and News from Debt Advisers Direct

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