We can help you get the mortgage you need for the home that you want

Mortgage Calculator

Accurately calculate you monthly mortgage payments.

Use our Mortgage Calculator

Enquire Now

Contact us now for a free quote or simply for free mortgage advice.

Make an Enquiry

Self employed mortgages and remortgages

Difficulties for the self employed in mortgaging and remortgaging their homes occur because the self employed often minimise their income for tax purposes, therefore, when this income is multiplied by the usual 3.5 x earnings it produces a lower amount than that person might be able to repay.

This problem affects many groups of self employed, company directors, people on bonuses, freelancers and those running businesses of all descriptions.

Certified accounts are another problem as some people don't keep accounts or in the case of start up businesses don't have the required two year certified accounts.

Fortunately there is a specialised mortgage product for all the aforesaid groups of people, this is the self certification or self cert. mortgage. For this the application only asks your yearly earnings and the lender trusts the amount disclosed will be the truth.

Of course this type of mortgage is a higher risk to the lender and therefore asks or higher deposits such as 15% meaning an 85% loan on the value of the property. On a £200,000 loan you would need to find a £30,000 deposit.

Luckily because of high competition in this market some lenders are now offering self certs. with lower deposits and 90% or 95% LTV Search the markets for the best offer available.

Use of this article or exerts thereof without the prior permission of the author is unlawful and will result in prosecution, if you wish to use the article please contact info@selfcertmortgageuk.co.uk.

Return to articles page

Get the home you want with Self Cert Mortgage
DISCLAIMER
Please read these terms and conditions carefully as it is essential that you recognise the nature of the contractual relationships entered into when you use products / services promoted on the Self Cert Mortgage UK website.

Self Cert Mortgage UK is a trading style of Blue Egg Ltd.

  • Blue Egg Ltd is, for the purposes of these products and services, acting as an agent for third party suppliers. This means that you and the supplier enter into a direct contract and Blue Egg Ltd has no contractual liability to you in relation to that product.
  • Each supplier has their own terms and conditions relating to a product or service and it is vital that you familiarise yourself with those terms and conditions before proceeding to transaction completion.
  • As you are entering into a contractual relationship with the supplier you should address your queries and concerns with them directly. The contact details are provided on the website. Representatives of Blue Egg Ltd are unable to advise you on any products offered by third party suppliers.
  • Material relating to third party information, products and services is provided 'as is' without any representation or endorsement made and without warranty of any kind whether express or implied, including but not limited to the implied warranties of satisfactory quality, fitness for particular purpose, non-infringement of compatibility, security and accuracy.
  • In no event will Blue Egg Ltd be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from use or loss of use of, data, or profits, arising out of or in connection with the use of this web site and any material found upon it.