We can help you get the mortgage you need for the home that you want

Mortgage Calculator

Accurately calculate you monthly mortgage payments.

Use our Mortgage Calculator

Enquire Now

Contact us now for a free quote or simply for free mortgage advice.

Make an Enquiry

Money floods in but only a drop comes out.

Billions upon billions were pumped into the banking system and for some reason it appears lenders still don't want to lend money thus people can't buy property or develop what they have. Interest rate levels have dropped drastically trying to get lenders lending and consumers borrowing but to no end.

Self certification remortgages need the borrower to have a certain amount of equity in their property, this is usually at least twenty percent. Equity is the amount your property is worth minus the amount you owe. Interest rates are at an all time low and people are saving money by switching to a new low rate with some people paying much less a month in mortgage payments.

Self-certification mortgages do not require proof of a borrower's earnings and these have almost disappeared from the market. Banks no longer want to lend to customers who have no regular or reliable salaries and so are not as quick to lend as they were only a few months ago. It became clear that some borrowers were inflating their income in order to take out larger loans and the banks feared that these borrowers may now struggle to keep up repayments.

Banks are reluctant to lend due to the fact they are unsure of their position. There overindulgent lending of the last few years has been further compounded by lending on a self certification basis to borrowers, lending well in excess of 95%. Lending in this way is exceptionally risky due to difficulties in locating non risky clients who can show full proof of income and with a low loan to value mortgage. Difficulties in finding someone happy to lend 90% to 95% or 80% on a self cert basis has compounded the problem.

Use of this article or exerts thereof without the prior permission of the author is unlawful and will result in prosecution, if you wish to use the article please contact info@selfcertmortgageuk.co.uk.

Return to articles page

Get the home you want with Self Cert Mortgage
DISCLAIMER
Please read these terms and conditions carefully as it is essential that you recognise the nature of the contractual relationships entered into when you use products / services promoted on the Self Cert Mortgage UK website.

Self Cert Mortgage UK is a trading style of Blue Egg Ltd.

  • Blue Egg Ltd is, for the purposes of these products and services, acting as an agent for third party suppliers. This means that you and the supplier enter into a direct contract and Blue Egg Ltd has no contractual liability to you in relation to that product.
  • Each supplier has their own terms and conditions relating to a product or service and it is vital that you familiarise yourself with those terms and conditions before proceeding to transaction completion.
  • As you are entering into a contractual relationship with the supplier you should address your queries and concerns with them directly. The contact details are provided on the website. Representatives of Blue Egg Ltd are unable to advise you on any products offered by third party suppliers.
  • Material relating to third party information, products and services is provided 'as is' without any representation or endorsement made and without warranty of any kind whether express or implied, including but not limited to the implied warranties of satisfactory quality, fitness for particular purpose, non-infringement of compatibility, security and accuracy.
  • In no event will Blue Egg Ltd be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from use or loss of use of, data, or profits, arising out of or in connection with the use of this web site and any material found upon it.