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Self Certification Mortgages Suited to the Self Employed, None Status or Problem Mortgages


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.

 A Little Mortgage by Walter Sadler  - Self Certification Mortgages Suited to the Self Employed, None Status or Problem Mortgages

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.

 

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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.

©Brookedan Security Ltd registered office c/o Hacker Young 51 King Street Wrexham LL11 1LA Reg. no. 3934568