Self Certification is the answer if you can't prove your income
Self certification could be the answer.
Also known as self cert, this is a great way of obtaining a mortgage even if the following applies:
1. You cannot prove your income because it comes from a number of different sources. 2. You do not show enough of a net profit. 3. You do not have 3 years audited accounts
Even if you are employed you can self certify your income as you may have a set basic salary but earn a huge (but inconsistent) amount on top.
In most cases a lender will take a view as there is obviously a case that the income is being earned, the problem is proving it.
You will also find that self certification is much quicker as there is no need for an employers or accountants reference.
Even better, the rates being charged by mortgage lenders do not even differ to those being charged to individuals who can prove their income.
So the question is' what are you waiting for?
About the author: Mark Harrison is the Managing Director of Capital Mortgage Solutions, a mortgage specialist. He has worked in Financial Services for over 15 years and also lectures on the subject.