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The guidance and/or advice contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK only.

Self Certification Remortgage

A self certification remortgage is a mortgage in which you are able to declare your income without having to show substantial proof that you earn it. You may want to consider this type of mortgage if you have difficulty proving your income. In general most lenders perceive self certification as a greater risk and will charge a slightly higher interest rate. If you can prove your income then click here to read about status mortgages.

Most lenders require self-employed people to provide two to three years of financial accounts to prove their income. When you have only recently become self-employed this can prove a problem. Self certification could be the answer.

Self certification remortgages are based on a thorough search of your credit history, rather than proof of income. Self certification remortgages can carry higher interest rates than others in the market.

Self Certification Remortgages

Many self employed people who are homeowners often have problems remortgaging as the amount they earn is not reflected in their yearly accounts, or they have outstanding CCJ's or mortgage arrears. Mortgages for the self employed and other people who find it hard to prove their income.

If you're one of the estimated 3.2 million self employed people in the UK, or have working styles which differ slightly from the norm, you'll benefit from using the services of an independent firm of mortgage brokers who specialise in arranging self certification remortgages & mortgages for the self employed, company directors, contractors and other people who find it hard to prove their income.

Historically lenders in the UK have taken a cautious view of the self employed, however a number of mainstream and specialist lenders who provide a solution for the self employed through self certification remortgages.

With a true self cert mortgage, you make a declaration as to what your income is, but you do not need to provide any proof. You simply state what your likely income will be, rather than providing documentary evidence such as accounts, P60s or payslips.

So whatever your circumstances, phone us today or complete our online express application form now and take the first step to getting a mortgage. Call us on 01625 503000, or apply here.

About Adverse Credit Mortgages About Remortgages About Right to Buy Mortgages

The overall cost for comparison is 6.1% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration. Adding existing debts to your mortgage will both extend the repayment term and increase the overall cost of the debt.

There will be a fee charged for mortgage advice. Our typical fee is £2500 for all types of mortgages except Lifetime Mortgages, which will be charged at £395 + 2% of the total loan amount. Example: a £50,000 lifetime mortgage loan, the fee payable would be £395 + 2% of £50,000 (£1,000) = £1,395. All advice fees are payable upon completion. Moneypoint Finance Limited is authorised and regulated by the Financial Services Authority, and is entered on the FSA register (www.fsa.gov.uk/register/home.do) under reference 303863.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Calls may be recorded for training and monitoring purposes.