Do I Qualify ?
 
What if I can't prove all of my income ?

A lender will usually need proof of your income, but sometimes they will rely on your own assessment of income (‘self certification’).
Self-certified mortgages were designed for people who have difficulty in proving their income. This could be because they are self-employed and have not been trading for long enough to have produced accounts, they have more than one job, or they rely on bonuses for a large part of their total pay. 

Self-certification mortgages generally have a higher interest rate so if you can prove your income, there is unlikely to be a reason for you to take out a self certification mortgage and you will probably be better off if you don't.

Don't let anyone persuade you to say that your income is higher than it is to get a bigger loan. If you lie about your income, you could end up with a loan you can’t afford. You’ll also be committing a fraud and could get a criminal record.

Click here to find out how much you could borrow.

I have late payments or CCJs & Defaults

Upon receiving notification of a County Court Judgement, you have one month in which to pay the amount in full BEFORE the CCJ becomes registered with the Register of County Court Judgements. Once the CCJ has been registered, even if you pay it in full at a later date, it will remain on your credit record for six years.

This will affect your credit history, but it is not the end of the world as it will still be possible to get finance from specialist lenders.

Mortgage Arears

Your mortgage is secured on your home. This means that if you are struggling to make your mortgage payments and have fallen into arrears you need to act quickly to prevent your home from being repossessed by the bank and sold to pay off your debt to them.
For this reason if you have run into financial problems it is also important that you give your mortgage priority over any other unsecured debts you may have.

However if you are still struggling to make your mortgage payments every month and catch up on any payments you have missed in the past, there are still things you can do to take control of the situation.

By remortgaging your home, you may be able to release enough equity to pay off any arrears you have accrued and possibly even reduce your payments to make it easier to pay your mortgage in the future.
We could find a mortgage product regardless of how many payments you have missed.
It is important to note, however, that the more payments you have missed the higher risk you will be to a new lender, and as a result you may not qualify for the most competitive deals if you leave the problem for too long. Remember it is always better to try and fix the problem sooner rather than later.

You could spend weeks looking for the lender to match your individual needs or talk to one of our mortgage advisors who could find the right mortgage for you in a matter of minutes.

Or if you are based in or near Rayleigh in Essex why not pop in to our mortgage comparison centre just opened at 103 High St, Rayleigh, Essex and meet with one of our professional mortgage consultants in person.