Find the best self certified mortgages in Manchester
What are Self Certified Mortgages?
These are mortgages specifically developed for those people who can not prove their income. Some borrowers whose income is irregular, may struggle to prove their income under the traditional lending criteria set by banks and building societies.
Who uses Self Certified Mortgages?
Freelancers, contractors and some employed people whose income is irregular.
Summary of Self Certified Mortgages
Because the lender is asking for less evidence of earnings, and therefore is taking a greater risk the interest rate will be higher than that of a standard full status mortgage. However in the right circumstances Self Certified Mortgages can be the best way forward and should not be discounted if your personal circumstances fit the criteria.
The overall cost for comparison is 8.2% APR. Actual rate available will depend upon your circumstances. Please ask for a personalised illustration . Rate correct as of 27/03/2008
Offers:
| Provider | Mortgage Type | Initial Rate | Duration | Subsequent Rate | Overall cost for comparison APR% | Early Repayment Charges | |
 | Self Cert - Discount | 6.89% | 3 Years | 7.14% | 7.5% | None after 3 years | Proceed |
 | Self Cert - Discount | 6.99% | Lifetime discount | 6.99% | 6.99% | None after 3 years | Proceed |
 | Self Cert - Lifetime | 7.09% | Lifetime | 7.09% | 7.09% | None after 3 years | Proceed |
