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Self cert mortgages have been hit hard by the credit crunch, there is no doubt about that. But there are still options for you if you are a self employed person or cannot prove your income.

The first thing you need to do if you need a new mortgage or a remortgage and you are unsure that you would be able to prove your full income is to come in an see a mortgage broker. A broker will be able to give you the low down on what mortgages are out there for you and what you have to do to get hold of one.

Because in these difficult times, you will have to work for a self cert mortgage. They are a riskier type of mortgage, so many lenders will simply say no to you if you are perceived to be a risk of any kind. They have to prove that their loans are being offered to people who will not default and will be able to keep up with all their payments.

So you have to prove your worth as a mortgage borrower. That might mean going to your accountant and getting some documentation together, or that might mean simply getting things in order. Stream-lining your finances, cutting out costs and proving that you can afford as much as you need for your mortgage.

There are a lot less self cert mortgages out there, and there are a lot of people who were turned down for what they wanted. But there are always options – there are still thousands of mortgages out there for borrowers with money and with the desire to take on this huge financial responsibility.

Keep up with the latest news and comments on Self Employed Mortgages at the Self Cert Mortgage Blog