Self Employed and want to Remortgage?
I cannot prove my exact income on paper, can I remortgage?
If you have difficulty in proving your fixed income on paper a self-certification re-mortgage is for you. Reasons for this may be due to the fact that you are self employed and have been trading for less than 3 years or that your accounts do not reflect your true income (i.e. commission payments) or that you are on a temporary contract. Usually you will be asked for you last three years of Inland Revenue Tax statements as proof of income however specialist lenders in this area will be able to help you to overcome this obstacle. Lenders may get around this problem by basing their decision on a credit check. Please note that you need to be accurate with your estimated income as if you over inflate you may find it difficult to make the repayments.
I have a lack of credit history, can I remortgage?
If you have a lack of credit history then lenders will be unable to assess your ability to borrow responsibly and manage debt. Again, specialist lenders in this area will be able to help you to overcome this obstacle. Lenders may get around this problem by asking for references from banks etc.
Lenders providing self certification or non status re-mortgages will usually require a higher deposit and charge a higher rate of interest.
Get a Quote from an Self Employed (Self Certified) Remortgage specialist:
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Fill out the simple – no obligation form
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Wait for qualified advisors to get in touch and discuss your personal circumstances.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The actual rate will depend upon your circumstances. Ask for a personalised illustration. There will be a fee for mortgage advice. The fee will normally be 2% of the mortgage advance, minimum of £950 and a maximum of £3000.The fee can usually be added to the mortgage amount.
Enable Finance Ltd. is authorised and regulated by the Financial Services Authority for mortgages and non-investment insurance. Buy-to-Let mortgages are not normally regulated by the Financial Services Authority.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE