Self certified mortgages

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Self certified mortgages are increasingly popular with a broad range of borrowers, particularly the self-employed and those with non-traditional means of income. First Mortgage searches the whole of the UK market to find the self certified mortgage deal. We won’t charge anything for our service. We’re so confident that we can source the best rate for you that if you find a better deal, we’ll happily match it - and pay double the payment difference for the first year!
Find a self certified mortgage with First Mortgage

What is a self certified mortgage?

Working practices have changed significantly in recent years, with many more people now self-employed, contracting or drawing an income from several different sources. A self certified mortgage is tailor made for people who are unable or unwilling to prove their income. It’s a popular choice for all kinds of borrowers, including freelancers, unsalaried company directors, part-time employees and even people with bad credit history. All you have to do is sign a declaration agreeing that you can afford the loan repayments.

Is a self certified mortgage right for you?

There are many pros and cons to self certified mortgages. To decide whether it is suitable you should consider the following points:

 Accounts, payslips and statements are not required to be approved for a self certified mortgage

 You can arrange a self certified deal at any interest rate type that you would find with traditional mortgages, including fixed, capped, tracker and discount

 Suits a broad range of borrowers, including people on multiple incomes, part-time employees, bonus-reliant income, people who receive much of their income from shares and investments, contractors, and freelancers

 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, self certification usually has higher interest rates than traditional mortgages

 Usually requires a larger deposit than comparative mortgages (the higher the deposit, the better the interest rates)

Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best option.

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