UK Self-Certification Mortgages
Despite the bad publicity that self-certification mortgages have received in the press, these products are an invaluable source of funding for millions of people in the UK.Their name has been tarnished by a few people lying on their application forms. But if used responsibly, they are a life-saver for many self-employed workers, businessmen and even some employed people.
Self-certification effectively means that you state what you earn – and that you can afford the mortgage repayments – and the lender basically takes your word for it, although it may make a few cursory checks, depending on the lender and product that you go for.
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