Could the worst be over for the self employed and small businesses? New data suggests we have gotten to the bottom of the recession – but how long before self-cert mortgages make a return?

The results of the latest British Chambers of Commerce survey reportedly confirm that the worst of the recession is over. It has taken data from 5,600 companies which shows positive progress in both the manufacturing and service sectors.

It found that confidence has improved dramatically in the last three months, following sharp declines over the previous half year. The BCC says turnover confidence has now entered positive territory for the first time since last year, rising 40 points to '+2' in the last quarter of the year.

Any adviser will tell you that confidence is the most important driver in the mortgage market, so this is good news for those who are seeking finance – but the BCC says almost all the critical measures remain in negative territory and many are still weak by historical standards. So while confidence is improving, business and finance is still in the doldrums.

David Frost, director general of the BCC, says: “Our economy is based on confidence, and wealth-creating businesses need to know they will be given the freedom and flexibility to drive the UK out of recession and into a sustainable recovery. The Government needs to think long and hard about its policies on taxation and red tape, which threaten to stifle growth and employment."

It's all still very fragile, but confidence will hopefully lead to real improvements, which in turn will find its way to your business and to the mortgage market as a whole.

SOURCE: BCC, 07/07/09

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As the credit crunch rolls on, it is becoming tougher for people to access mortgages without a proof of income – meaning the need for a mortgage broker is becoming ever more crucial.

Last week Halifax, one of the UK's largest mortgage advisers, put more restrictions on their self employed mortgage range – borrowers will now need even more equity and a perfect credit score if they are to secure a mortgage with no proof of income. And as the Government becomes more critical of self cert lender, no proof of income mortgages could become even more restricted.

This means self employed people will have to save more money and will have to make even more sacrifices to be sure of being accepted for a loan.

So the best way to get accepted for a loan is to go through a mortgage adviser. An adviser will help manage your money, clean up your credit score and find the best-fit deal for you.

There are no guarantees in this tough environment – lenders are saying no a lot more than they are saying yes – but with an adviser your chances are much increased. Lenders are looking for the best of the best self employed borrowers – and they are always the ones that have been given the best advice.

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

A non-status mortgage UK may sound complicated, but a non-status mortgage UK is actually a simple way of describing a loan on offer to certain UK borrowers allowing them to purchase their home. If you have previously heard of a non-status mortgage UK, and think it may be right for you, or you want to learn more about what a non-status mortgage UK entails, then this article is a good starting point to learn some of the key facts you need to know before deciding if a non-status mortgage UK will meet your needs.

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A buy to let mortgage non status is a product that allows those borrowers who would find it difficult to prove their income to benefit from the booming buy to let market. This is where you can buy a property to let out to tenants rather than to live in yourself, and the market has grown significantly over the last 10 years, accounting for over 10% of new lending according to the Council of Mortgage Lenders. In this feature we explain what a buy to let mortgage non status is, which borrowers it is most suitable for and how you can find such a deal.

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A non status commercial mortgage is perfect for anyone who needs finance to buy a business but does not want to have to prove their income to a mortgage lender. This could be because you have more than one source or income or perhaps because your income is commission-based and fluctuates. In addition, self employed borrowers can find it hard to prove their income if they do not have three years’ of accounts, for example if they are a start-up firm. By opting for a non status commercial mortgage you can remove the need to prove your income and speed up the mortgage application process.

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A no proof of income mortgage may be suitable for all sorts of reasons. Whether you run your own business, get additional income through bonuses or other work or your job is seasonal, a no proof of income mortgage allows you to incorporate all that cash you earn into getting a level of mortgage you are able to repay but wouldn't be able to if it was just based on provable earnings. As long as you can show what you expect to earn, a no proof of income mortgage can help you get onto the property ladder.

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No proof of income mortgages, that do what they say on the tin, apply to a wider range of borrowers than ever before. Here, specialist in the field, The Self Cert Mortgage Centre, guides you through the basics of no proof of income mortgages

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Non-status mortgages are increasingly useful tools as working patterns in the UK become more flexible – yet their name can be misleading. The term implies that the borrower falls outside any kind of ‘normal’ status. However, as non-status mortgages are designed for anyone who does not earn a regular PAYE salary, they are becoming the choice of record numbers of people.

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Non status mortgages UK. It may sound a mouthful, but with the working patterns of more and more people changing, non status mortgages UK- a phrase used to describe a certain type of loan offered to UK borrowers- are becomingly increasingly necessary. Non status mortgages UK borrowers can start here to learn more about this type of mortgage – who is eligible and what non status mortgages UK entail.

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Many people that could benefit from non status remortgages do not even know what the products are. And why should they? Like lots of other things in life, non status remortgages, are only something you begin to research when you realise one could be suitable for you.

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