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Monday, March 06, 2006

What are Self Certified Mortgages?

A self certified mortgage is where you declare your income for mortgages purposes without the usual employer references.

It’s useful for self employed people or those who can not provide all the paper work initially. (they can not confirm their income until the year’s accounts are done).

Rates can be higher than standard mortgages, except for remortgages where the person has a track record of repayments

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