Self certified mortgage rates

Let us find the juiciest quote for you

There are some great value self certified mortgage rates available through dozens of UK lenders - but it can be difficult trying to find the right one.

First Mortgage is an impartial broker that searches the whole of the market. We provide a completely FREE service that will find the best self certified mortgage rates for you.

What is a self certified mortgage?

This type of deal is increasingly popular with a broad range of borrowers, particularly the self-employed and those with non-traditional means of income. You do not need to produce financial documents such as payslips to be approved for this deal. It’s designed for people who are unable or unwilling to prove their income, or for those for whom current statements don’t give a true picture of yearly earnings. However, because of the increased risk to the lender, self certified mortgage rates are higher than standard deals. Most lenders will only ask you to sign a declaration agreeing that you can afford the loan repayments, however, as advisors it will be necessary for us to assess affordability and to do so we will ask you to provide reasonable evidence of your earnings.

PLEASE NOTE: Although the Lender may not require evidence of income, we will require evidence so that we can establish affordability of the mortgage. We will not give advice or process a loan where we cannot evidence sufficient income to meet the mortgage commitments.

Is a self certified mortgage rate right for you?

Although self certified mortgage rates can be some of the highest on the market, there are many benefits to this type of deal. Before you decide whether it is suitable you should consider the following points:

 Accounts, payslips and statements are not required to be approved

 Deals are available as fixed, capped, tracker and discount rates

 It’s a popular choice for all kinds of borrowers, including freelancers, unsalaried company directors, part-time employees and contractors

 If your current income doesn’t reflect what you expect to earn in the near future, you can self-certify to take that into account

 Due to extra risk for the lender, you will usually have to pay higher interest than with traditional mortgages

 Usually requires a larger deposit (generally, the higher the deposit, the better the interest rates)

Call us on 0845 603 1525 for advice, assistance and information. First Mortgage prides itself in finding the very best deals on the market.

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