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The Self Certified Mortgage loans allow you to declare or state your income without having to provide any evidence (such as accounts) for it. This kind of mortgage loan is most suitable for people who are self employed, or people who earn money from various sources or for people who perhaps don’t have a regular income. The self certified mortgage loans have become pretty competitive and no longer cost the obscene amounts they used to. Some Self Certified Mortgage lenders will accept a letter from you stating your income, whereas others will only accept a letter from you accountant. Self Certified Mortgage loans are not exclusive to Self Employed people only but can be taken out by anybody who is unable to proof their income. |
