Best Self-Cert Mortgage
Where Can I Find The Best Self-Cert Mortgage Deals In The UK?
Regardless of what is happening in the mortgage market, the best self-cert mortgage product for you will depend on your specific circumstances. The first thing to consider is why you can't prove your income. There are many good reasons for this. You might be an entrepreneurial businessman or woman, or you might have more than one job or employer, meaning your total income doesn't come from one source.
But there are more reasons for needing to find the best self-cert mortgage. You might be a high flyer, taking home bonuses that you want to use to get on the property ladder. Or you might earn commission on top of your basic salary. Perhaps you work on a freelance, seasonal or temporary basis, or are financially savvy and invest in the stock market. The list goes on, meaning there is no such thing as the best self-cert mortgage. It's down to you and what you need.
Where can I find the best self-cert mortgage deal in this market where there are so few mortgages for anyone, let alone a risky borrower? A good place to start for the best self-cert mortgage is the best mortgage broker you can find. They not only know the market inside out, but are able to advise you on the best self-cert mortgage deal to meet your circumstances. A broker will consider how much of a deposit you have to put into a property, how much you need to borrow and how long you want to pay it back. They will also discuss whether you want a fixed or a tracker rate of interest, and whether features such as portability will benefit you.
The best self-cert mortgage lenders will be the ones that not only offer a competitive rate, but try to avoid charging excessive application fees, hefty penalty charges if borrowers want to pay the loan off early, or extra costs for exiting the mortgage. In this environment this might be hard to find, but there are still decent mortgages out there, whatever the press might have you believe. The best self-cert mortgage for you is the one that you can find that fits with your needs and offers you a rate you can afford, every month.
