To personalise your experience - to remember who you are so we can show you timely, relevant content across social media.
To analyse data - to determine the number of visitors we receive, how long they stay, and how they use the site.
Most web browsers allow you to decline cookies if you prefer not to accept them.
Self Cert Mortgage??? No Proof of Income Required !!! >>> Self Employed & Buy to Let Welcome >>> Self Cert Mortgages 2018 >>> Great Success Rates >>> All Cases Considered!
Self certified mortgages, often called self cert mortgages, are no longer available.
The FCA removed them in 2014 because they were felt to be a risk for the consumer.
That said - we still receive enquiries from people who believe they need a self certified mortgage when in fact their
circumstances may allow them to proceed with a conventional mortgage - along with competitive rates and fees.
Our self cert mortgages 2018 are just the answer! See some of our examples below - allowing you to proceed with your self cert mortgage in 2018 and the flexibility you require: here is a summary of what may assist you if you were looking for a self cert mortgage option Use Rental Income Only - No Other Income Required ! By using rental income only you can self cert your mortgage No Proof of Income Mortgages - Self Cert Options Available - Borrow up to 85% Self Cert mortgages 2018 - we also have access to no minimum income income mortgages Use Our self certified mortgage alternatives - Contact Us Now ! Flexible Income Options - Our Self Cert Mortgage Alternatives Can Help You Today
In most cases we can secure your self cert mortgage using one of our flexible income options - these
include being self certified for 1 year or less (in some cases see below) - using just an accountant's certificate
and many more.
We can consider CCJs - defaults - mortgage arrears - bankruptcy - IVAs -
debt management plans - plus many more.
• Accountant's reference Only - we can accept an accountant's certificate with no accounts required
Any rates quoted above will depend on your circumstances - Ask for a personalised illustration. The purpose of this website is to provide technical and generic guidance and should not be interpreted as a personal recommendation or advice
Free Initial Quote - Free From Mobiles and Landline
In most cases we can secure your self employed mortgage using the flexible
income options below -
• Self Employed - 1 Year or Less - Maximum Income Multiples - Maximum Loan Size !
• 1 year self employed or less - some lenders can accept professions with less than 1 year self employed income
Just a sample of what we offer : we have many more!
• Use balance sheet retained profits - this could greatly increase how much
you can borrow - without any tax implications since it is not dividend income !
• Contractors - we have lots of contractor options - contact us today!
• Use your latest profits - these are usually your largest profits - enabling you to borrow more !
Borrow up to 85% - very competitive rates - free quote no obligation!
Right now buy to let rates & fees have never been so low - this is due to lenders fighting hard to grow their share of the very competitive buy to let market.
• Buy to Let Self Cert Mortgage Substitutes
Use Rental Income Only !
Buy to let Self Cert Mortgages Alternatives :
Bad Credit - All Cases Considered
Flexible Income Remortgages - Raise Money - Any Reason
Get Your Free Mortgage Quote Now - Call O8OO 612 O466
Secured Loans - All Bad Credit Considered
The Financial Conduct Authority does not regulate commercial mortgages and some forms of buy to let mortgage
Complaints - If you wish to register a complaint, please write to Complaints Department , Red Brick Mortgages & Protection, 50 Main Street, Lowick TD15 2UA. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complains is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4567.
Red Brick Mortgages & Protection and Self-certified-mortgages-123.co.uk are trading names of Rebecca Wilkins who is authorised and regulated by the Financial Conduct Authority and entered on the Financial Conduct Authority Register https://register.FCA.org.UK/ under reference 812821. Data Protection ZA469559. Business Address: 50 Main Street, Lowick TD15 2UA.
Redbrick Mortgages & Protection is a broker and not a lender
Quotes are provided free of charge - only once the client proceeds to full application is an application fee incurred for which the client will be made fully aware of per our Initial Disclosure Document and Fee Agreement signed by the client in advance.
We specialise in complex and difficult mortgages...
Our self cert mortgage alternatives could be what you are looking for
Self Employed - Maximum Income Multiples - Under 1 Year Trading
Self cert mortgages – to be or not to be?
A few years ago there was a lot of talk and hype about self cert mortgages, but can you still get one in the UK?
The answer to that question is no, as they have now been barred. However, they are still available from lenders in
Europe but if you choose to go down that route, then the recommendation from the Financial Conduct Authority
(FCA) would be that you get plenty of advice beforehand from a reliable UK mortgage expert.
What were self cert mortgages?
As you might guess from the name, a self cert mortgage meant that the borrower detailed how much money
they earned when they applied, without providing any supporting documents. In the past, they were used by self-
employed people with income from different sources and those with a low salary but with high commissions.
Why have self certified mortgages been banned in the UK?
Self certified mortgages were banned back in 2011 because it became evident that borrowers were being provided
with mortgages that they could not afford. Now lenders must be absolutely certain that applicants can make the
repayments for the entire mortgage period.
The FCA has now put in place rules that compel lenders to carry out detailed affordability checks. They also
have to see proof of income and "must not accept self-certification of income".
So is it OK to get a self cert mortgage from a lender in Europe?
Not necessarily; although this may sound like a good loophole to use, there may be problems. European lenders,
such as those in the Czech Republic, can offer self-certified mortgages online, but it is not wise to ignore the risks.
Because you would be using a lender from outside the UK, losing your home may be more probable if you get into
trouble and are unable to keep up with the mortgage repayments. Your mortgage from Europe would not be
regulated by the UK FCA hence it would have far less protection.
You would have no guarantee of being treated fairly if you got into financial difficulties, the Financial Ombudsman
Service for complaints would not be made available to you and the FCA will not be able intervene as the mortgage
would be subject to the regulations of the country in which the lender was based. Finally, if your adviser in Europe
recommends a mortgage that you cannot afford, you will not be entitled to claim compensation.
As the same time, lenders in Europe have restrictions imposed upon them and can only be contacted online. You
will not be able to phone them for assistance.
Proceeding with a self cert mortgage in Europe
For those prepared to take the major risks involved, the FCA strongly recommends the following:
• Before proceeding, talk to a UK regulated mortgage adviser
• Read the terms and conditions and look at what protection the mortgage would offer
• Investigate how the lender would deal with you if you missed payments
• Be sure as to what fees you will have to pay
• Ascertain who they are regulated by
Be aware that most of the time, the very fact that you are having to self certify means that your income may be
unpredictable and even irregular. Therefore, going down the self certification route for a mortgage is not