Self Certification Re Mortgage
The Benefits Of Switching To A Self Certification Re Mortgage
If you want to switch your mortgage a self certification re mortgage could be the right option for you. A self certification re mortgage enables you to switch your homeloan without having to prove your income.
There are many reasons why people may want to switch their mortgage. Perhaps you are moving house and need a larger loan to help you buy a bigger property. Maybe you want to benefit from a cheaper rate or release equity to fund home improvements or a new car. Or you may want to consolidate other debts into your mortgage. A self certification re mortgage could help with any of this requirements.
You might want a self certification re mortgage even if your existing deal is a mainstream mortgage with a high street lender. Your financial circumstances could have changed since you took out your existing mortgage. For example you could have a new job that is commission-based or maybe you have set up your own business. In this case proving your income could be a problem and a self certification re mortgage is worth considering.
Or perhaps you already have a self cert mortgage product and simply want to switch your deal. In this case it is a natural move to take out a self certification re mortgage and you will already be fully aware of the benefits of such a product.
But where do you find one? Well, most self certification re mortgage products are available through specialist lenders with many experience of creating such deals. While some products are on sale through high street lenders the majority of self cert products are only accessible via a mortgage intermediary. These advisers are experts in their field and are fully authorised by the Financial Services Authority to advise on mortgage. Plus they have to pass professional examinations.
They will assess your financial needs and circumstances and trawl the market to find a self certification re mortgage that fits your needs. If you were to go direct to a lender they would only be able to advise you on their own products, but an intermediary can look across the market and even access a wide range of exclusive products that you would not be able to find on the high street.
So if you think a self certification re mortgage is right for you, it could be worth seeking expert advise from a mortgage specialist.
