Self Cert mortgages make up a significant
sector of UK lending. Gross lending in the UK self certification
mortgage market is predicted to reach 26 billion GBP by
the end of 2006. There are currently about 4 million self-employed
workers in the UK up from 3.2 million in 2000, according
to the Office for National Statistics, and an increasing
number of people who rely on bonuses, commission or second
incomes in addition to their basic pay. refer to our
for your monthly payments.
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UK working patterns are changing and
multiple income sources are increasingly common. Datamonitor
estimate some 6 million people are in employment types
suited for Self-cert and forecasts 4.7% growth per annum
to 2009.
Consumers can be divided into three categories
which helps determine the circumstances when self certification
may well be the right option. Self-employed applicants
who may not be in possession of an adequate history
of audited accounts and/or drawing much of their income
as dividends. Contractors that may be on their first
contract with no history of renewal and employed applicants
may rely on bonuses or commission and investment income,
including buy-to-let along with perhaps maintenance
payments.
As a leading mortgage broker, First Mortgage
Trust is independent of any self certification mortgage
lender and therefore are impartial, so we and/or a member
of our network will be able to use our expertise to
recommend the correct mortgage for you. Before selecting
a self certification mortgage broker it is essential
to check that they are independent, otherwise you may
not receive unbiased advice. First Mortgage Trust offer
a broad range of self cert mortgages specifically designed
to suit the varying needs of adverse, bad credit, full
and non status, shared ownership, commercial self cert
to 100% and flexible self certification mortgage facilities
for employed and self employed.
For regular news and updates join our
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to keep up to date with new developments in the self
cert marketplace. Also please read our recently published
article Why
a Self Certification Mortgage?
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