A Self-Certification
mortgage allows you to state your income without providing
the usual documentary evidence providing that your mortgage
falls within certain stated criteria.
It is important
to bear in mind that many lenders charge a small premium on
self-certificated business to reflect the extra risk involved.
This type
of mortgage may be suitable for you if the nature of your
income is such that satisfying a lenders requirements may
prove difficult, such as self-employed status.
The area
of self-certification mortgages is a relatively new one which
is proving popular due to the changing working environment.
It is vital therefore that you discuss this complex area with
an adviser as in many circumstances a more competitive rate
may be available form a lender who will be more sympathetic
to your particular circumstances.
The
overall cost for comparison is 6.5% APR. The actual rate will depend
upon your circumstances. Ask for a personalised illustration.Our
fee is 3.2% of the advance (£1,450.00 minimum and £6,000.00
maximum). The fee can be raised from within the new advance and
is only payable by you, should your new mortgage reach legal completion.
A typical mortgage of £92,156 would require a fee of £2,949.00
- No Completion - No Fee. Paying off expensive short-term debt with
a remortgage may increase your overall cost of credit.If
you are seeking a mortgage or loan, then either you or Vesta Money
Ltd must first make a formal application to an appropriate mortgage
or loan lender, who will consider your application in accordance
with their own lending criteria. Mortgage loans are normally subject
to a formal valuation of the property and subject to status.This
website is a marketing service designed and operated by Brookedan
Security Ltd and all mortgage or remortgage applications are sent
to, received by, and processed by, Vesta Money Ltd (Authorised and
Regulated by the Financial Services Authority under number 302635).Think
carefully before securing other debts against your home. Your home
may be repossessed if you do not keep up repayments on your mortgage
or other loans secured on it.Special
plans on different terms for clients with CCJ's arrears, and for
the self employed without income proof.
All loans subject to status in the UK to home owners aged 18 and
over and may be secured on property.
Written quotations available on request. Other terms and amounts
available.