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Self-cert mortgage basics
12 tips on working the mortgage market
As consumers are set for another year of low interest rates and increasing financial pressures unbiased.co.uk, has put together with the help of its expert panel of professional advisers twelve top mortgage tips for borrowers and first time buyers on how to get the best out of the current market. 1. Karen Barrett, Chief Executive [...]
FSA publishes market review
The Financial Services Authority (FSA) has announced plans to prevent a return of the risky mortgage lending seen in boom times, by ensuring that what it describes as common sense standards continue to apply in future. The Mortgage Market Review aims to prevent a recurrence of the irresponsible lending, which resulted in some borrowers taking [...]
Halifax produces outlook for 2012
Halifax has produced its predictions for the housing market in 2012 and says that while there are concerns, there is plenty to be positive about. Halifax’s housing economist, Martin Ellis, provides his thoughts on the housing market for the year ahead: “The housing market has proved highly resilient in recent months despite the weak economic [...]
Self-employed enquiries on the rise
Mortgage intermediaries are receiving on average six enquiries from self-employed applicants every month. Specialist lender Kensington asked 680 mortgage intermediaries how many self-employed clients they saw each month, before calculating the average to be 6.1 enquiries. Charles Morley, head of sales at Kensington, said: “Self-employed clients provide excellent opportunities for mortgage intermediaries to prove their [...]
Lenders ‘must consider bonus and commission’
More than a quarter of mortgage intermediaries say over half of their clients receive regular bonus or commission that they would like to be considered by a lender to boost their affordability assessment. This is according to a survey by Kensington among a group of 680 mortgage intermediaries. The research found 26 per cent of [...]
Self-cert mortgage news
12 tips on working the mortgage market
As consumers are set for another year of low interest rates and increasing financial pressures unbiased.co.uk, has put together with the help of its expert panel of professional advisers twelve top mortgage tips for borrowers and first time buyers on how to get the best out of the current market. 1. Karen Barrett, Chief Executive [...]
FSA publishes market review
The Financial Services Authority (FSA) has announced plans to prevent a return of the risky mortgage lending seen in boom times, by ensuring that what it describes as common sense standards continue to apply in future. The Mortgage Market Review aims to prevent a recurrence of the irresponsible lending, which resulted in some borrowers taking [...]
Halifax produces outlook for 2012
Halifax has produced its predictions for the housing market in 2012 and says that while there are concerns, there is plenty to be positive about. Halifax’s housing economist, Martin Ellis, provides his thoughts on the housing market for the year ahead: “The housing market has proved highly resilient in recent months despite the weak economic [...]
Self-employed enquiries on the rise
Mortgage intermediaries are receiving on average six enquiries from self-employed applicants every month. Specialist lender Kensington asked 680 mortgage intermediaries how many self-employed clients they saw each month, before calculating the average to be 6.1 enquiries. Charles Morley, head of sales at Kensington, said: “Self-employed clients provide excellent opportunities for mortgage intermediaries to prove their [...]
Lenders ‘must consider bonus and commission’
More than a quarter of mortgage intermediaries say over half of their clients receive regular bonus or commission that they would like to be considered by a lender to boost their affordability assessment. This is according to a survey by Kensington among a group of 680 mortgage intermediaries. The research found 26 per cent of [...]
Self-cert mortgages in depth
Self-certification
In times of fraught lending, what is the real meaning of self-certifying your mortgage?
Mortgages that work for you
Self-cert may be the answer if you have an irregular income because you’re self-employed, earn commission or bonuses or have more than one job. Kathleen Hennessy explains.
Make the most of your income
If you’re self-employed, rely on commission or bonuses, or have a second job to boost your income, you may have problems getting a mortgage from a mainstream lender. What Mortgage investigates your options…
Make self-cert work for you
If you are having problems getting a mortgage because you cannot prove how much you earn, then a self-certification mortgage could be the answer. Abigail Montrose gives you the lowdown
Work for yourself and still get a mortgage
If you have more than one job or simply can’t prove on paper how much you earn, don’t worry. Sonia Speedy finds you can still get a mortgage
ADVICE TO READERS
While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.
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