Self Cert Mortgage: No More Discrimination

Whilst owning your own business can be incredibly rewarding, many freelancers and businesspeople have been discriminate against when it comes to buying their own home. With no viable proof of income, they traditionally struggled to gain acceptance for a mortgage. However, no more is that the case thanks to the self cert mortgage! The self cert mortgage is basically a home loan that allows an individual to buy their own home and sidestep the traditionally income assessment in favour of a more informal system.

With a self cert mortgage, people basically declare their profession and declare their income. Difficulty in proving the income is a given so requirements are more relaxed. As such, the self cert mortgage suits freelancers, business owners, contractors and those individuals that work mainly on commission. Noticing a gap in the market, many specialist mortgage providers have jumped on the bandwagon thus catering for a real need and filling a gap in the market.

However, the main point to remember about a self cert mortgage is that it is another option, another product to fill demand. It has made buying your own home far easier if you work for yourself, and that cannot be a bad thing!