Self certified remortgages

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With a self certified remortgage you can declare your earnings if you are unwilling or unable to prove your income.

First Mortgage searches the whole of the UK market to find the best self certified remortgage deal. We won’t charge you anything for our service.

Find a self certified remortgage with First Mortgage

What is a self certified remortgage?

Self certified remortgages are very popular with self employed people, overseas workers, and anyone with a non-traditional means of income. They allow you to declare what your current or projected income is without documents such as payslips, bank statements or accountancy forms. It’s a common choice for all kinds of borrowers, including freelancers, unsalaried company directors, part-time employees and contractors. 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 remortgage right for you?

While self certified remortgages might suit a wide variety of borrower, there are pros and cons that you should consider before making a decision:

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

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

 Because of the extra risk involved, self certification carried higher interest rates than many other types of mortgage

 Ideal for people on multiple incomes, part-time employees, workers on a bonus-reliant income, contractors, freelancers and people who receive much of their income from shares and investments

 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

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

Call us on 0845 603 1525 to talk with one of our friendly and experienced consultants. We are happy to discuss your situation and help you choose the best self certified remortgage option.

More mortgage and property information:

BBC Your Money | Financial Services Authority | Business Link | Council of Mortgage Lenders

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