Historically self certification mortgages were a way for those who were self employed or who had diverse income streams to obtain mortgage finance.
Following the credit crunch the Financial Conduct Authority (FCA) have effectively banned self certification. However a number of lenders have recently introduced criteria to help those with more complex income circumstances, which can overcome the difficulties that many find obtaining funds.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Mortgages MK is a trading name of Astons Financial Services LLP which is an appointed representative Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited who are authorised and regulated by the Financial Conduct Authority.
Astons Financial Services LLP. Registered Office: 26 St John Street, Newport Pagnell, Buckinghamshire MK16 8HJ. Registered in England No: OC361518