| |
| - Site
Map |
| |
|
|
| |
Will A Self
Cert Cost More ? Self certified mortgages and remortgages are
these days on slightly more expensive than traditional home
finance. The difference in interest rates can sometimes only
be 0.1 or 0.2 percent. Check with a independent adviser to
find out more.
© Copyright 2007 www.Self Employed Help .co.uk
~ All Rights Reserved.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS
ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. |
|
|
|
 |
Self Certification
Mortgages
|
Just because you want a
self certification mortgage doesn't mean you have to get
a bad deal. The days when self-employed people had to
pay ridiculous amounts on interest rates and were left
behind by employees are over. Nowadays interest rates
for certification finance is only a fraction of a
percent higher than traditional methods.
To get a self certification mortgage or remortgage you
normally need a deposit of around 85 percent. This
protects the lender as you may be making up your income
and not be able to pay the repayments. Many banks and
building societies now offer such finance and although
you can apply personally through the high street we
suggest you use a broker or independent mortgage
advisor.
The main benefit of self certification mortgages is that
no proof of income is required. This doesn't mean that
you can make you're income up so that you can get a
better house. This will only lead to debt in the future
and possible repossession. Other features that certified
finance can offer are, fixed interest rates, flexible
payment options, interest only, discount or capped
rates.
|
|
|
|
|
|
