Who is a self cert mortgage for?
A self cert mortgage is aimed at anyone who can not provide satisfactory proof of income for a mortgage lender. A lender will typically want at least 12 months certified accounts if you are self employed or a number of printed wage slips if you are employed, for those who are self employed but do self assessment the lender may accept the SA302 form which is what you get back from the inland revenue after you have submitted your self assessment, the form proves your income for tax purposes – if you’re unable to provide what the lenders require for proof of income (such as any of the information above) then a self cert mortgage may be right for you.
