Self-Cert
Play It Safe for a Self-Cert Mortgage And Get Fast Approval
Have your accounts in order
Self-cert is reliant on your past, so have everything to hand. If you have a small business and you are self-employed, make sure all your accounts are ready. If you are a freelancer or a contractor, have enough proof of past incomes - although self-cert doesn't need proof of income now, that doesn't mean lenders won't want to see proof of past income. Lenders are avoiding any high risks for the time being, so don't give them the opportunity to say no. Have everything to hand so as when the time comes you can prove you are low risk self-cert borrower.
Credit score is everything
Credit ratings, or scores, are essential in the self-cert approval process. Go online and check yours - to be sure of being accepted, you need to know your score is in order. It can be found through numerous sources online for a small fee and it will tell you everything about your financial past. So have a look and make sure everything is in order - and if it isn't, do something about it fast. Credit scores can be rectified or amended if there are discrepancies, but if those discrepancies are not sorted out, you can say goodbye to self-cert approval. Playing it safe means having all your bases covered - you don't want to be turned down as a result of a clerical error.
Know where to go
Once you are organised and your credit score is up to scratch, decide what sort of deal might be right for you. Go online and research all you can about self-cert mortgages - do you want a tracker? Fixed rate self-cert? Do you want to consolidate debt? Do you want to pay off your mortgage early? Whatever you need from self-cert, there will be a lender to help you - but before a self-cert lender can help you with what you want, you must know yourself.
Plan every detail
People who default 
on their mortgages do so because things get on top off them. They have too many debts, they cannot meet all the demands and they end up losing everything. Don't let that happen to your self-cert mortgage - have a plan of action. Show the lender you are as low-risk as possible by planning everything. How much could you earn during the term of the mortgage? How big a self-cert loan can you realistically handle? Will other debts or financial responsibilities get in the way at any point? The only way you can play it safe is to limit your risks with a good plan of action.
Find a good broker
Once you have everything planned and in order, talk to a qualified professional. A broker may see something you have missed, or may know some tricks to make sure you are as attractive to a self-cert lender as possible. Also, a broker will be able to offer you self-cert deals impossible to get without an intermediary. If you want to get a self-cert mortgage during this time of economic unease have a plan, get some professional help and get ready to wow the lender.
