We aim to achieve a 30 minute response time during office hours

 Mortgage Bestbuys

House purchase  -  Remortgage  -  Buy 2 Let

A lender will usually require proof of income, but some may rely on your own assessment of income (self certification)

Self certification is for people who have difficulty proving their income. This could be because they are self employed and have not been trading long enough to show accounts, or they have more than one job or have income from sources not usually recognised by lenders (tips, pensions, investments, maintenance).

Self Certification mortgage usually have higher rates of interest, so if you can prove your income you are likely to be better off if you do not apply for self certification.

Do not let anyone persuade you to say that your income is higher than it is to get a bigger mortgage. If you lie about your income, you could end up with a loan you can’t afford. You’ll also be committing a fraud and could get a criminal record.

Lenders will perform a reality check to determine whether the income you state is realistic - for example a part time cleaner stating £100,000pa will be challenged and proof of income probably requested. Creditors share information too, so if you state your income as £20,000 to one creditor and then £50,000 to another this may be picked up on.

First time buyers will need a 15% deposit and second time or remortgage customers will need a 10% deposit.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT
KEEP UP REPAYMENTS ON YOUR MORTGAGE 
Mortgages-Online Limited, 19 Weekday Cross, The Lace Market, Nottingham, NG1 2GB
Mortgages-Online is authorised
and regulated by The Financial Services Authority
Telephone calls may be monitored