Self Certification

What are self-certification mortgages?

Self-Certification Mortgages were popularly used in the UK until they were banned in 2011 and removed from the market altogether in 2014 by the Financial Conduct Authority as a result of too many mortgages that could not be repaid by borrowers.

Self-Cert Mortgages were designed for people whose income was difficult to assess using the standard methods adopted by most conventional mortgage lenders. For this reason they were popular with self-employed people, as well as people on short-term or part-time contracts.


Q: Is there a present-day alternative?

A: Yes, but they’re run from Europe and as such aren’t regulated by the FCA, meaning you don’t get much in the way of protection if things go wrong. Provided you can prove historical evidence of your business’ earnings, most mainstream mortgage lenders will still be happy to provide a mortgage if you are self-employed anyway, so there should be little incentive to take out a form of credit that is not covered by the Financial Conduct Authority.

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