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.
- HSBC and Yorkshire BS pull out of interest-only mortgages
- First Direct launch three new best-buy fixed rate mortgages
- Accord cut rates on fixed-rate mortgages for FTB's
- Nationwide pulls interest-only mortgages for new borrowing
- Santander raises the cost of SVR mortgages by 0.50%
- Barclays cut rates on fixed rate mortgages
- Yorkshire BS cut rates on all 85% LTV mortgages
- Santander launches Newbuy mortgages
- Leeds BS cut fixed rate mortgages by up to 0.31%
- Cheap mortgages help first-time buyer levels reach 5-year high