Tel: 0845 458 2633
There are Self Cert and Self Employed mortgages and as many as 3.2 million people in the UK are self employed.
The Self Employed mortgage is ideally suited to someone who has been trading for 3 years and has accounts to illustrate this. Please note that if you are a company director owning more than 20% of the share capital the lenders will still class you as self employed even if your salary is PAYE.
A Self Cert mortgage is generally suited to someone who is also self employed but has difficulties in proving their income, has more than one source of income or someone who works on short-term contracts.
If you are able to display your last three years trading accounts then the interest rates available will be lower than for those seeking a Self Cert mortgage without full proof of income. Generally for both these mortgage types a minimum deposit of 5% is required but many lenders require 10%, but the greater the deposit you have the more products will be available to you.
Luckily there is now a great choice of self cert mortgages and self cert remortgages available and our advisors will be able to investigate your own circumstances and recommend the most ideal products for you.
Self Certified Mortgage Comparison | |||||||
|---|---|---|---|---|---|---|---|
| Lender | Rate | Term Type | Std Rate | APR | Fee | Early Repayment Charges | Max Loan to Value |
| Bank of Scotland | 6.69% | 2 year tracker | 7.35 | 7.60 | £999 | 4% of loan amount for in year 1, 3% in year 2 | 60% |
| Bank of Scotland | 6.74% | 3 year tracker until 31-Aug-2011 | 7.35 | 7.60 | £999 | 4% of loan amount in year 1; 3%, year 2; 2% until 31-Aug-2011 | 70% |
| Bank of Scotland | 7.19% | 5 year fixed until 31-Aug-2013 | 7.35 | 7.80 | 1.5% | 4% of loan amount in year 1; 3%, year 2; 2%, year 3; 1% until 31-Aug-2013 | 75% |
| Bank of Scotland | 7.29% | 3 year fixed until 31-Aug-2011 | 7.35 | 7.90 | 1.5% | 4% of loan amount for in year 1; 3%, year 2; 2% until 31-Aug-2011 | 75% |
Self Certified Income mortgage price comparison, last updated Thursday, 7th August 2008
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
This site is intended for UK residents only. The overall cost for mortgages for comparison is 7.4 APR.
The actual rate will depend on your circumstances. APR variable and based on a usual case.
Grovelawn Financial is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300. Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY.
Entered on the Financial Services Authority's Register — Register Number: 314204 — Consumer Credit Licence Number: 573287
The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property.