There may be any number of reasons why
people find it difficult to prove their full income.
These days more and more people choose to work for themselves.
Also, many employers opt to have sub-contractors rather than employees
working for them, and accounts do not always tell the full story.
Income from sources other than employment, for example; investment
income, maintenance, state benefits and rent are common... But difficult
to prove in many cases.
Self-certification of income is now accepted by many lenders,
in some cases on mortgages of up to 90% of the property value, subject
to status.
But, because the criteria for self-cert mortgages from different
lenders vary so much, it takes knowledge and expertise to find the
right product to suit your needs.
Because these mortgages place the responsibility of checking affordability
with the borrower, it is vital that you take advice before applying
for a self-cert mortgage.
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