Self Cert Mortgages
Self Certification Mortgages
Mortgage loans are the most demanding solutions for getting instant money crunches. We all feel the desire of having more money than we actually have and for this we may have to seek additional support to get our desires fulfilled. Mortgage loans are those solutions that can give you instantly relief from all your burdens. [...]
Self Certified Mortgages A No No For Contractors
This lunchtime The Bank of England once again held the base rate at 0.50%. This was widely expected by analysts as the Bank, The Treasury and the Financial Services Authority (FSA) try to speed up the economic recovery.
Back in October last year the FSA announced plans to ban self-certification mortgages in an attempt to ensure [...]
Self Certificate Mortgages – Prove Yourself!
Bank managers are probably the most risk-averse individuals you are likely to meet – without proof of a regular salary and sound financial track record you may presume a frosty reception when you ask about borrowing. However, there are options available for people who don’t conform to the norm.
If you are self-employed or have an [...]
What is a Self Cert Offset Mortgage?
A self cert offset mortgage, also known as a self certified offset mortgage, combines the benefit of declaring your own income with the freedom of an offset mortgage that allows overpayments, lump sum payments, underpayments, and payment holidays.
Suitability
A self cert offset mortgage is designed for people who find it difficult to prove their income, [...]
How to Get a Self Cert Mortgage
Self cert mortgages are available to everyone, but in particular are useful for those who cannot prove their income or do not qualify for standard mortgages. You are not required to provide documentary evidence of your mortgage, but it is important that the information that you supply is as accurate as possible.
If you are [...]
Is the Credit Crunch Affecting Self Cert Mortgage Lending?
The credit crunch has meant that we are all feeling the pinch. Mortgages are especially under fire and lending criteria has been stepped up and many mortgages offering large amounts of credit have been taken off the market.
Self cert mortgages have been affected quite a bit by the credit crunch, so much so that there [...]
The Future of Self Certified Mortgages!
Those who have a keen interest in the future of self certified mortgages may have noticed that they are beginning to appear more and more frequently in the media. Self certified mortgages – which enable the borrower to certify their income without needing to supply standard income documentation – may be extremely popular with the [...]
The Changing Face of Self-certification Mortgages
Several years ago self-certification mortgages were investigated by the Financial Services Authority. The FSA looked into the practises of mortgage brokers in the financial services industry as it was alleged that unscrupulous brokers were encouraging people to exaggerate their incomes on self-cert applications.
The investigation by the Financial Services Authority followed a report by the BBC’s [...]
The End of Era for Bradford & Bingley and Self Cert Mortgages
Bradford & Bingley being nationalised, just as Northern Rock was, spells the end of self cert mortgages.
Bradford & Bingley were the leading provider of self cert mortgages and buy-to-let mortgages and now we will see the two mortgage products being phased out.
Over the next couple of years B&B’s mortgages will be slowly run down and [...]
Where Does the Death of Self-Cert Leave Contractors?
The Bank of England have again held the base rate at 0.50%, as they strive to steer the UK economy out of recession with the help of the Treasury and the Financial Services Authority (FSA).
Last month the FSA took an initial step towards this by announcing new proposals that included a ban on Self-Cert Mortgages.
Self-certification [...]