Edwards & Associates
Since 1974
   

 

 
About Us
About Us
Contact Us
Terms & Conditions
Insurance
Insurance Online
Touring Caravan
Static Caravan
Park Home Insurance
Building & Contents
Home Buyers

Landlords Insurance

Mortgage Protection
Equine Insurance
Marine Insurance
Van Insurance
Travel Insurance
Commercial
Hairdressing Salon
Office Insurance
Work at Home Office
Professional Liability
Shop Insurance
Trade Liability
Window Cleaners
Loans
Bridging Loans
Commercial Loans
Personal Loans
Mortgages
Mortgage Solutions
Mortgage Protection
Equity Release
Lender List
Repayment Calculator
Enquiry Form
Services
Debt Solutions - IVA's
Card Charges Refund
Personal Injury Claims
Conveyancing Online
Information
Faqs
Glossary
Links
Link to Us

 

 

 

 

Self certification mortgages, also known as 'non status' or 'self cert' mortgages have become hugely popular due mostly to changing work practices in the last decade or so.

For some time those who are `self employed' have found it difficult to obtain a mortgage. This is because there income is difficult to assess using the standard methods adopted by most conventional mortgage lenders.

The statistics put the figure of self employed people at around three million. Add to this those who are working freelance and those working as temporary hires. They too can find it difficult to obtain a mortgage on the same grounds as the self employed.

What are the reasons for this difficulty?

Self certification mortgages

  First-time buyer

  • We'll help you every step of the way
  • Free imartial advise

  Mortgages

  Remortgages

  • Switch your mortgage
  • Find out how mutch you could save
  • Easy to use calculator

  Self-Cert

  • Self employed
  • non status

  Right-to-Buy

  • Buy your council house or flat
  • Use your Tenant discount
  • Buy your home at a lower price

  Buy-to-Let

  • Considering buying a property to rent out?
  • Building your property portfolio?
  • We can arrange a competitive mortgage
  • We search the market for you
  • Help with expert assistance
  • Easy to use calculator

   Loans

  • Home Owner (Secured) Loans
  • Any Purpose Personal Loans
  • Extensive Range Of Lenders

 Easy to use calculators

 

 

 

 

 

 

 

 

 

 

The most basic reason is that the self employed person, for instance, may not have a stable income. They can earn a lot one month, and nothing in another. This increases the chances of a default or arrears.

Another reason is that income is from varied sources, thus making the computation of income difficult. A freelance worker may work for a number of people, each paying him/her different remuneration for his services.

This is how the self certified mortgage steps up to provide relief. Self-certification is the process by which the amount that a customer borrows is based on what they claim is their income as stated in a signed declaration in the application form, but where they don't have to prove it on the basis of their accounts and in which the customer is required to put forth no documents as proof.

Self-certification mortgages are for people whose income is difficult to assess using the standard methods adopted by most conventional mortgage lenders. They allow you to 'self declare' your earnings.

If you cannot prove your income or have incomes from various sources, we can help with a self cert mortgage which are available for both employed and Self Employed. We have access to the full range of self certification mortgages, including true self cert, were no contact is made with your employer or accountant. We can even help you if you have mortgage arrears or CCJ’s .

If you wish to discuss exactly how these mortgages work, do not hesitate to contact us.

Enquiring about a mortgage is easy.

All you need to do is complete the no obligation enquiry form and an adviser will contact you to discuss your requirements. - this service is free and entails no obligation on your part.

Mortgage solutions to suit you

These mortgage services are by Pavis Financial Manegment who are authorised and regulated by the Financial Services Authority for mortgages. They do not charge a fee for residential mortgage advice; however there is an administration fee for processing each of your standard residential mortgage contracts. The typical administration fee is £499. For impaired credit lending the typical fee is 1% of the mortgage loan. For Buy to Let and Commercial Mortgages a fee of 0.5% of the mortgage loan size applies of which £500 is payable on application with the balance payable on completion.

We offer a full advice & recommendation service in all cases in order that you can make an informed decision with us about your mortgage needs.

To enquire simply complete the brief confidential

enquiry form

 

To work out how much you will be able to borrow click on calculators.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

MISSING PAYMENTS WILL HAVE SEVERE CONSEQUENCES AND MAY MAKE OBTAINING CREDIT MORE DIFFICULT IN THE FUTURE.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

  

© 2009 copyright www.edwards-associates.co.uk Mortgages Remortgages Loans

top of page   
safe hands        
web hit counter