Flexible Self Certification Mortgage
Best Flexible Self Certification Mortgage | Free Expert Advice
A flexible self certification mortgage is just like a regular mortgage - you can borrow a set amount for a property determined by your earnings or affordability, and your credit history. But unlike regular mortgages, where the borrower proves their income, flexible self certification mortgage cases are underwritten by the lender on trust. You simply declare your income, without the need for payslips or bank statements. It's that easy.
If you have been rejected for a regular mortgage, or have been told that because you can't prove you income you aren't suitable, then your next step should be to consider a more flexible self certification mortgage. Anyone who can't prove their income could be eligible for a flexible self certification mortgage. You could run your own business, with irregular earnings. Or you might have a fluctuating salary, perhaps because you work shift patterns, or are paid partly on a commission structure. Flexible self certification mortgage products are also suitable for people who have more than one source of income. For example, you might have a second or even a third job, receive large bonuses every now and again or make extra money from investment. Alternatively, people who work on a seasonal basis, who are employed by a job agency or even make their money through freelance and contractual work could still borrow enough money to get on the property ladder.
There are many different types of mortgages available to people who can't prove their income, but not all of them will be suitable for everyone. A flexible self certification mortgage lender will look at your specific circumstances and offer you a mortgage that fits your needs. A mortgage broker will also be able to help you determine what those needs are and which lenders can best service them.
The best way to choose a flexible self certification mortgage deal is to look closely at all your needs. You may need a mortgage that is portable, so it can move if you need to. You may be happy to pay a higher application fee in order to secure a lower rate - or vice versa! 
Some flexible self certification mortgage lenders will offer the option to over or under pay, take a payment break or allow further advances. And if you are in a position where you can pay off the mortgage early, then consider the most flexible self certification mortgage lenders which don't have crippling early repayment fees. When looking for a flexible self certification mortgage product, you will often have the choice of paying a fixed interest rate for a set period time, or a tracker which literally 'tracks' the base rate.
Whether you are self employed or have a second job, want a fixed or tracker mortgage, a mortgage broker can help you find the most flexible self certification mortgage for you and your circumstances. Because even if you can't prove your income, you don't have to rule out becoming a home owner.
