Secured Loan, Self Cert Mortgage

You may find that the best way to borrow a large sum of money is a secured loan. For that you need to be a home owner. But if you are self employed you may find it difficult to get a standard mortgage. This is because most mortgage lenders demand proof of earnings usually in the form of pay slips. Without them they are suspicious that you will accrue mortgage arrears and end up in bad credit.

You may apply for a self cert mortgage which is specifically tailored to those people who are earning significant sums of money but can not prove this by the usual means. A self cert mortgage is offered on the basis of you saying what your income is going to be, rather then producing documentary evidence. You must ensure that you are happy you can keep up the payments and will not get into mortgage arrears and bad credit. If you are self employed and can produce three years worth of accounts from your accountant then you may be able to get a standard mortgage after all.

Once you have your mortgage you can apply for a secured loan which you can use for almost anything you like. Remember that secured loans, self cert mortgages and mortgage arrears are priority debts and the non payment of which may lead to you being given a bad credit rating and may end up with your house being taken away from you.

If you can keep up with your repayments then all should be well. You may even over time as your financial history proves you to have a good credit rating want to move to a more competitive lender. But it takes time and you may cost you fees in the short term or find yourself falling into debt and thus you will be stuck with the lender you chose in the first place. Do try to make sure when you apply for a long term loan or mortgage you are satisfied with the arrangements as you have to live with them for a very long time.

We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.

SOLVING YOUR MORTGAGE PROBLEM SIMPLY

ABBEY FINANCE

0845-4567-847

Just click here to fill out our simple on line Mortgage Enquiry Form, it will only take a few moments.

enquiries@abbeyfinance.biz

Actual rate available depends on circumstances ask for personalised illustration. The overall cost for comparison is 7.9% APR. Our representative fee charged is 1.25% of amount borrowed. APR variable and based on a usual case.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE