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Self-Certification Mortgage Applications Rise

June 20, 2008 | Author: | Posted in Finances

The attractiveness of self-certification mortgage products is boosting the overall number of home loan applications in the UK. For true self-cert products, the applicant does not need to fully prove their income by way of documentary evidence such as pay slips and tax records. Rather, applicants will make a declaration of income to the lender …

What Is A Self-Certification Mortgage?

May 31, 2008 | Author: | Posted in Finances

A self-certification mortgage is a method a declaring income that will be suited to an applicant who may have sources of income which are not easy to prove. Many people believe that a self-cert is a type of home loan but it is important to note that self-certification is not a type of product, rather …

The Retracting Self-Certification Mortgage Market

May 20, 2008 | Author: | Posted in Finances

Once upon a time self-employed workers found it nearly impossible to get a mortgage unless they had an enormous deposit and a large income from their business activities that spanned many years. Those times may be about to return as lenders are pulling their self-certification mortgage products from the market as if they are tainted …

When Is A Self-Certification Mortgage Appropriate?

May 17, 2008 | Author: | Posted in Finances

A self-certification mortgage is a home loan product designed for borrowers who may not be able to prove their income through traditional means such as tax records and pay slips. They were first made available to self employed individuals who could not produce the documentation required for a standard mortgage product from a high street …