How do self cert re mortgages work?
So if you think you are eligible for self cert re mortgages it will pay to re mortgage now rather than later. As income is so critical, and at times unstable for self cert re mortgages borrowers, it is best to get in now while the going is fairly good. Admittedly, self cert re mortgages are not the cheapest mortgages to go for. Prime deals and high street mortgages will always have lower rates than self cert, which is naturally more risky as no proof of income is required – but there are advantages to self cert re mortgages. Those who think they are or could be classed as self certified don’t need anything except a good credit record – that means you have the freedom to take up a mortgage without being tied to a single monthly income. You might be self-employed, have wages based on performance or even on bonuses, you may even have more than one job. Any of these reasons will allow you to quickly apply for self cert re mortgages – a mortgage you may not have even been eligible for with
