Best Self Cert Mortgages
The Best Self-Cert Mortgages | Is Fasttrack the Answer?
First of all, fasttrack has nothing to do with the quality of the mortgage, the best self certified mortgages do not depend on the speed of the application. But the application may be important to you - and you are the most important facet of the deal. So you need the best self cert mortgages, fast. Maybe you have seen the perfect deal for your needs and are worried that it will be gone in no time like the newspapers have been reporting. Maybe your business is expanding faster than you imagined and you need to remortgage straight away, or maybe you have found a repossessed home in an auction and need a mortgage as soon as possible. Whatever reason you need to get your self cert deal fast, fasttrack may be the best self cert mortgages for you.
Essentially nothing is different about fasttrack mortgages, compared to any other self cert mortgages. The only difference is the turnaround time – instead of waiting days or weeks to find out if you are eligible for the best self cert mortgages, affordability calculators can give the lender a decision with the touch of a button.
The best self certified mortgages are mortgages that are tailored round your needs, not round the speed of the mortgage – so if the speed of the mortgage is important to you then obviously fasttrack could be the best self cert mortgages. If you need a lower rate, or if you need a mortgage that will allow for changes in your revenue streams, then look for that before you look for a lender that offers fasttrack.
No matter how quickly you think you need a mortgage, take a breath. Sit down, look over your finances and be realistic about what you can afford. There is no point rushing into what you think is the best self cert 
mortgages if within a year you are struggling with repayments. Fasttrack can be great if it’s done with the best self cert mortgages for you, but can be a disaster if it’s the wrong choice. Sit down with an adviser and get an idea of what you really need – maybe it’s not speed, maybe it would be better to take stock. Check your credit also – it’s crucial to the fasttrack process, so know what the lenders are looking at when they are computing your application.
So are the best self cert mortgages the bet mortgages? No, they are only a means to an end. The best self cert mortgages are ones that have been considered and planned before they have been decided upon. Once that has been done, then by all means fasttrack the application and see how quickly you get that mortgage. But don’t rush – the mortgage market isn’t shrinking quite that quickly, the best self cert mortgages will still be there tomorrow.
