No proof of income is a situation facing millions of ordinary people. You might be self-employed and have to self-certify your income, or you don't have pay slips to prove your salary. Either way, you still need a mortgage to move house or a Remortgage to unlock any equity in your home.
A lender usually needs proof of your income, but sometimes, they will rely on your own assessment of income (‘self certification’). Self-certified mortgages are designed to cater for self-employed people who have difficulty in showing their earnings are enough to make mortgage payments. They might not be trading for long enough, have more than one job, or rely on bonuses for a large part of their total pay.
Don’t let anyone persuade you to overstate your income in order to get a very large loan. If you lie about your income, you’ll be committing a fraud and could get a criminal record. Don’t be tempted to overstate your income you might end up with a mortgage you can’t afford.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. ADDING EXISTING DEBTS TO YOUR MORTGAGE WILL BOTH EXTEND THE REPAYMENT TERM AND INCREASE THE OVERALL COST OF THE DEBT.
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We provide advice and recommendations on mortgage products, mortgage protection products and buildings and contents insurance from a selective panel of lenders and insurance companies. The overall cost for comparison is 6.8% APR.The actual rate available will depend on your circumstances. Ask for a personalised illustration. APR variable and based on a usual case.
No upfront fees if you proceed as a result of this website. We receive a commission from the lender, usually £250 but this amount will vary depending on the individual cases. A life insurance policy might be required.
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