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- Self
Employed Help Index
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But-To-Let
As A Retirement Plan ! Many people nowadays rent out a
second property as a way of saving for retirement. When a
person needs to they will either sell the property for a lump
sum or use the rent as a top up to their pension. Many
mortgage finance companies now offer specialist interest only
buy to let packages that make entering the property market
easier than ever.
© 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.
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Searching for a Self Cert Mortgage ?
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If you are a seasonal
worker, contract worker, get paid on commission or
bonuses, self employed, actor or actress, or just can't
prove your earnings then getting a self cert mortgage
will be the right kind of product for you. Conventional
finance companies require you to supply prove of
earnings in the form of pay slips or if you work for yourself
normally 2 years of certified accounts. These
certification mortgages get around this problem but
getting the right one can be tricky.
Normal financial lenders such as bank's and building
societies do not usually offer these products in the
high street. Instead to access the products you usually
need to go through an intermediary such as a independent
mortgage adviser or broker, these professional will
source the correct kind of self cert mortgage for you.
Just because you are getting a self cert mortgage doesn't
mean that you will have to pay high interest rates and
make do. Many certification mortgage products include
additional features such as fixed rates, flexible
payment options and in many cases you will be able to
borrow up to 90% of your homes value.
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