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Self Certification

 

A self certification mortgage is a mortgage in which you are able to declare your income without showing substantial proof that you earn it. There are many instances where a self certification mortgage would be beneficial. If you are self employed, a self cert mortgage is appropriate if:

You lack three full years of trading accounts.
You have accounts but your income has been minimized for tax purposes.
Or your current earnings are significantly greater than your accounts can prove.

Alternatively, self certification mortgages can also be appropriate for regularly employed individuals if:

You have irregular income in the form of commissions or bonuses.
You have multiple jobs (for example if you run a business part time and also work as a salaried employee).
Or if you are a contract or seasonal worker.

Generally, if you have any sort of difficulty proving your income, then a self certification mortgage could be the solution for you! Most high street lenders simply don't allow you to self certify - it's just too risky. CCF, however, has put together a panel of lenders who are willing to take that risk, even if you have a bad credit history, and provided you have a minimum deposit of 10 percent.

Please remember that although a self certification mortgage allows you to get finance without proof of income, it is very important to be as accurate as possible about your earnings and to not overstate it.

Remember, if you end up with a mortgage you can't afford, you could end up losing your home! Interested in finding out more? The easiest way to find out if you qualify is to fill out one of our quick online application forms, or to give us a call on 0800 043 0294.

All the quotes from CCF are free with absolutely no obligation to commit. You have potentially lots to gain and virtually nothing to lose so please, contact CCF today.