In 3 easy steps we can help you:
Lower your monthly outgoings.
Consolidate your loans.
Pay off expensive loans and credit cards.
Are you put off or worried about the new in-depth requirements for mortgage application.
Have you already been refused by lenders under the new rules?
We can help…
Looking for the new alternatives to self cert mortgages? Are you self employed and have been refused a mortgage? Struggling to find a lender? Don’t have three years accounts? we can help and provide the answer quickly.
We understand how difficult it can be to get a mortgage in the current financial climate, especially since self certification mortgages, or self cert mortgages as they are known, were effectively removed from the market. If you are self employed we are able to offer alternatives to assist those struggling and without the required 3 years accounts. We can find the correct mortgage for your needs and circumstances because we deal with the whole market and we specialise in mortgages for:
Previously lenders have been cautious about offering mortgages to those who were self employed and so provided specialist mortgages known as self certification mortgages. Self cert mortgages were typically available to people who were unable to verify their income, as no proof was needed. All you needed to do was to declare your income rather than provide evidence with accounts and payslips. Although self cert mortgages have now effectively been removed from the UK market, you can still get good rates on your mortgage if you are self employed.
Throughout the financial uncertainty of the last few years self-certification mortgages got a bad name, as they were accused of allowing easy borrowing and causing a house price boom. Following changes to the law this product is no longer available from any UK financial provider. Lenders are now checking for affordability and evidence of income. For many self employed people this change felt like the dream of owning a home had ended.
The FCA has determined that lenders must verify the income of any mortgage applicant and assess whether the new mortgage is realistically affordable. As a result all lenders in the UK have ceased to offer Self Certified loans and mortgages.
However, alternatives do exist to assist those who are self employed and wish to obtain a mortgage. There are a number of excellent alternatives to self certification mortgages available on the UK market. There are mortgages that don’t require 3 years of self-employment accounts for example.
Whether you’re a first time buyer, self-employed or if you have a poor credit rating, we aim to get a mortgage that is right and tailored to you. What’s more we will handle your application for you from start to finish allocating a dedicated case manager who will liaise with you every step of the way. We will help make the overall mortgage process easier and hassle free.
We work on your behalf, not the lenders, to select the very best deal to suit you, chosen from thousands of deals on offer from every lender in the Country. If you need the new equivalent of self cert mortgages, have a poor credit rating or you’re looking to remortgage we can help.
Unfortunately we can not help if one of the following applies.
1. Payday loans within the last 6 months.
2. Been discharged from bankruptcy for less than 12 months.
3. Missed more than 1 months mortgage payment within the last 12 months.
4. If your CCjs/defaults have been entered against you within the last 6 months.