| Self-Certification
is a term used by Lenders for a way, to enable the self-employed
and directors of small Limited companies to prove that
they can afford the repayments on a mortgage.
Some
Lenders realise that business people that fall into
this category construct their accounts to minimise the
amount of tax they pay and want to show the least amount
of taxable net profit on their accounts.
Self
Certification is what you need if:
You are self-employed:
- No
requirement for the lender to contact your accountant
for confirmation of income
- You
have less than three years accounts
- You
prepare your own account
You
are employed:
- A
large portion of your income is non-guaranteed (overtime,
bonus or commission)
- You
are on a fixed term contract
- You
have more than one job
- You
have more than one source of income
If
you have any queries about self certification mortgages
please do not hesitate to contact
us, alternatively you can fill out our
feedback
form
|
