Self-certification mortgages
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Self-certification mortgages are where the borrower makes a statement about their income and the lender makes fewer checks than normal.
This type of mortgage is common amongst borrowers who are self employed or borrowers who do not have a regular income. There has been a reduction in the number of self-certification mortgages available since the financial crisis began in 2008 and lenders reduced the availability of riskier mortgage products.
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