SelfCert
Selfcert - Is It Flexible enough for Your Financial Situation?
Works Around You
Selfcert is always geared to work round you - because, remember, you are the most important part of the mortgage. If you need to consolidate debt, a selfcert mortgage can incorporate that, or if you need to free up some of the equity in your home, a selfcert deal will help that happen. Whatever you need, a selfcert deal can be tailored to your needs and your demands.
As Flexible As Your Financial Situation
Those who cannot prove their income will inevitably have a flexible income - people who rely on contracts, bonuses or freelance jobs are fully aware that at the end of one month things could be good, and then by the end of the next month things could be a little tight. A self cert mortgage can cater to this and can be tailored to the eventualities of a selfcert borrower's finances. Also, if you want to pay off your mortgage early, a selfcert loan is the perfect choice. Because you don't have to declare your income, you may be able to earn more than you previously considered later down the line - so you can write off your mortgage faster. A selfcert deal is a great option, but if you can get rid off your mortgage ahead of time - well, that's the best deal of all.
Room to manoeuvre
If you have your own business, you will be well aware that nothing ever stays the same. You may have to use your mortgage to finance decisions or you may even be able to channel some of your revenue into your mortgage. Maybe you have other debts and financial commitments that have to work with your self cert mortgage. Whatever happens to your business, a selfcert mortgage can accommodate the bad and the good. A good business is flexible, so a good businessperson's mortgage must be just as flexible as they are.
Only As Good As Your Word
Remember, as flexible as a selfcert mortgage is, the borrower has to be just as flexible when it comes to repayments. The mortgage is still a financial responsibility that must be met every month - so make sure you can handle the loan. The lender lends on the back of good credit and good borrowing habits - work with the mortgage. Also, selfcert relies on your credit rating, so missed payments will jeopardise any future selfcert mortgages you may wish to take on. Selfcert is a great flexible mortgage, but it is still a mortgage that has to be taken seriously.
Flexibility Comes With Advice
The only way the selfcert mortgage will fit with your situation, however you make your money, is with advice. A professional broker can find the right mortgage vast range of deals to suit your demands, as they know the market better than anyone. They have the contacts and they have access to deals that aren't available to consumers because of the buying power they wield. Professionals are the only way to find the perfect flexible selfcert mortgage for you - and for those who can't prove their income they need all the help they can get.
