Self Certification - Mortgages
Non Status mortgages, often referred to as "Self Certification" mortgages, fall
into 2 main categories:
- No proof of income
- No credit history
No Proof of Income
They are mainly used for self employed people who may not have been trading
long enough to provide the normal requirement of a 3 year trading history
for a mortgage lender. Or it could be that their accounts do not fully reflect
their ability to meet the mortgage payments on the amount they wish to borrow.
Non-status mortgages can also be used for employed people whose
income does not appear to be sufficient when lenders apply their
normal income multiples, thereby restricting the amount they want
to borrow. These are .
As long as you can prove your occupation you simply have to declare
that you can afford to meet the monthly payment on the amount you
wish to borrow.
No Credit History?? - No Problem
If you have no outstanding credit commitments such as loans, credit or store
cards, etc you will not have had the opportunity to prove to lenders whether
or not you will be a good risk for them to lend you money, as you have no
track record for them to look at.
This can sometimes cause a problem, however as specialists in
this market we will be able to provide you with the mortgage that
Whatever your circumstances, Circle Loans will find
the mortgage product for you!