Self Employed
If you are self employed it is not always possible to prove your exact personal income.
You therefore have two options:
- If, for instance, your accounts are not up to date, or if your income comes from several different sources, or if your accounts do not truly reflect you own personal income, you may be able to certify your income without needing to prove it. However, you must not overstate you income. The lenders criteria for assessing income will still apply to your self certified income.
- If you do have accounts, most lenders, although different. will normally request for either one, two or three years accounts and most will insist that you have been in business for at least twelve months.
It is very important to note that if you make false declarations and/or inflate your income on a mortgage application form you may not be able to afford your mortgage repayments. You may also face criminal prosecution for mortgage fraud. All applications will be subject to a feasibility assessment.
The overall cost for comparison is 7.6% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
For more information click on the SELF CERTIFICATION tab on the MENU.
Telephone 0800 043 042 7 for more information
