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28 May 2024
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Self Cert Mortgages Explained

Self Cert Mortgage

There are no self cert mortgages are not available, if the situation changes we will amend this section.

Self cert mortgages are available for clients who cannot, legitimately, verify their income. This is because they maybe self employed, their income may come from number of sources or the may rely on high levels of commission overtime bonuses or a second job.

This is how a self cert mortgage should work, but there are still some mortgage lenders who will need you to prove your employment status, such as an accountant's certificate or an employers letter.

Most lenders will supplement this information with credit searches. If you are a home owner, you will be asked to supply your existing mortgage statements, and if you are renting the mortgage lender will ask for a reference from your landlord.

Self cert mortgage products have limits , most self cert mortgage lenders will only allow you to prove your income in this way if you want to borrow less than 85% loan to value (ltv), so you will need to put down a substantial deposit. There are some self cert mortgage lenders that will now lend up to 90% loan to value (ltv), though these self cert mortgage lenders normally charge a slightly higher interest rate compared to 85% ltv self cert mortgage schemes.

The overall cost for comparison is 4.1% APR. The actual rate available will depend upon your circumstances. Please ask for a personalised mortgage illustration. Rate correct as of 12/06/2014

Next Time Buyer 95 % Self Cert Mortgages

Due to the current credit crunch 95% self cert mortgages are not available, when the situation changes we will amend this section.

If you have a current mortgage and are self employed you may qualify for a self cert mortgage of up to 95 % loan to value. These self cert mortgages are available via Go Financial Service, if you would like to find out more about 95 % self cert mortgages please complete our mortgage enquiry form to speak to an independent mortgage advisor.

Fast Track Mortgage or Self Cert Mortgage?

It is important to remember that a true self certification mortgage is different to a fast track mortgage. A fast track mortgage offered by mortgage lenders like the Halifax and the Nationwide building society are agreed on a set loan to value of 75% and a satisfactory credit score. Unlike a true self cert a fast track mortgage lender can at anytime up until completion request proof of income for the applicant.

The Abbey and Northern Rock Bank now offer fast track mortgages up to 85% of the value of your home, for independent mortgage advice on fast track mortgages please complete our mortgage advice form.


Do you want fee free self cert mortgage advice?

For more information on self cert mortgage or remortgage products please contact us to speak to a professional mortgage advisor for fee free mortgage advice


It is a criminal offence to lie about your income on a mortgage application form.

We normally do not charge a fee for self cert mortgage advice, however a fee paying option is available. Our typical fee would be £500

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Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349