These mortgages are available to almost any type of income situation. They allow a mortgage to be granted without any reference to an employer.
With little or no adverse credit, the interest rate bears a small premium above normal rates. All types of mortgage types (Variable Rates, Fixed Rates, Capped, Discount Mortgages etc.) are available.
With a deposit typically in the region of 20% or a loan to asset ratio of around 80% some lenders will allow borrowers to self-certify their income without references or promises from an accountant.
Better rates are available to the self employed if documentation can be provided to support past and expected income levels. Typically, lenders will request three year’s accounts with an accountants certification.
