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What is a self certified remortgage?
It’s more common these days for people to be unable to prove income using traditional documents such as payslips or statements. For example, you may be self-employed with unpredictable income or work as an unsalaried director. Self certified remortgages are tailor made for people who are unable or unwilling to prove their income. All you have to do is sign a declaration agreeing that you can afford the loan repayments.
Using the self certified calculator
Simply type in the amount you want to borrow and our self certified remortgage calculator will give you an idea of how much your monthly repayments will be. Before you sign up to any deal, it’s worth considering the following points:
You won’t need accounts, payslips or statements
Interest rates including fixed, capped, tracker and discount can all be arranged
Suits a broad range of borrowers, including people on multiple incomes, part-time employees, people with a bonus-reliant income, people who receive much of their income from shares and investments, contractors, and freelancers
If you expect to earn a signifanct amount more in the near future, this may be a good deal for you
However, the increased risk for the lender often means higher interest rates
Find a self certified remortgage with First Mortgage
Feel free to contact us 0845 603 1525. Our team are on hand to offer advice and assistance, as well as help you arrange the best possible deal. Call us now for an immediate quote.
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