Best Self-Cert Mortgage
The Best Self-Cert Mortgage Deals And How To Find Them
When it comes to finding the best self-cert mortgage deal you really are spoilt for choice. Mortgage lenders know that many people can't prove their income and are barred from taking out a regular mortgage. It's a competitive marketplace, which is good news for borrowers because it means finding the best self-cert mortgage product doesn't have to be a headache. It's just a question of knowing how to find it.
However, the best self-cert mortgage product for you will depend on your specific circumstances. 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, running a health food shop, a fish and chip restaurant or graphic design studio to name but a few. 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 generous 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 for me?
So, where do you start when looking for the best self-cert mortgage for you? A good place is a mortgage broker. 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 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. So although rate is important, don't forget to look at what the total mortgage will cost you. Plus, don't forget to consider the other costs associated with buying a house. These include Stamp Duty and legal fees, removal vans, insurance and decorating. That's why it's so important to choose the best self-cert mortgage product, so you get the best deal and ensure your money is being spent on decking out your new purchase. With so many mortgage lenders out there it's hard to know how to find the best self-cert mortgage for you, but so long as you and your broker look carefully at each deal and make sure you know what you're getting, you're sure to find exactly what you need putting you a step closer to moving into your dream home.
