- MORTGAGES
- first time buyers
- home mover mortgage
- remortgages
- self certification
- buy to let mortgages
- adverse credit mortgages
- commercial mortgages
- mortgage application form
- MORTGAGE TYPES
- fixed rate mortgages
- variable rate mortgages
- capped mortgages
- discounted mortgages
- tracker mortgages
- cashback mortgages
- offset mortgages
- interest only mortgages
- LOANS
- secured loans
- secured loan form
- debt management
- INSURANCE
- buildings insurance
- contents insurance
- payment protection insurance
- WILLS
- wills
Self Certification Mortgages
If you are self-employed and you have more than two or three years worth of accounts you should be able to apply for a standard mortgage. However, if you don't and you want to buy a home you might have difficulty obtaining a mortgage if you cannot prove your earnings via pay slips or accounts.
A self certification mortgage is a mortgage offered on the basis of what you have declared as an income , rather than providing documentary evidence. Where as standard mortgages typically offer a 100% loan to value, self-certification mortgages almost always require a higher deposit, a loan-to value of 90% is usually offered. Self certification mortgages may also be suitable for high commission earners or people with more than one income.
What Can Model Mortgages Offer?
We can offer 85% loan to value self certification mortgages for self employed.
Latest Mortgage Offer
6.24% 2 year tracker with no extended tie in, maximum loan to value 65%, arrangement fee 2.5% can be added, redemption penalties apply first 2 years APR 7.8%
» Apply now
James needed to capital raise £600,000 by re-mortgaging his home which was valued at £1,000,000. Unfortunately because of the way his accounts were set up he could not prove his income. He approached a mortgage broker advertising in the National Press and was offered a deal. However the interest rate was quite high and the broker was going to charge a hefty fee.
He contacted Model Mortgages and spoke to a higher lending specialist. He didn't need to produce any proof of earnings, any accountancy reports or bank statements and had an offer of a mortgage within 10 working days. He was amazed to find there was no valuation fee, no legal fees and he wasn't charged a penny by Model Mortgages for arranging the loan. The whole thing was fee free. On top of that he had a choice of some fantastic rates of interest with no extended tie in.
The service was brilliant from start to finish and I have no hesitancy in recommending my business friends and colleagues to Model Mortgages.
Get a decision in principal on a mortgage - complete our simple application form.