Self Certification Mortgages
Self-certification mortgages are for people whose income is difficult to assess using the standard methods adopted by most conventional mortgage lenders.

Who are they for?
Bonuses, commission and seasonal work can cause income to vary over time or be difficult to guarantee and this may not be considered acceptable in order to get a mainstream loan. Many customers who go on to be excellent mortgage customers with specialist lenders routinely fail credit scoring processes with mainstream lenders. Self-certification mortgages can be very useful for the following:

• Self-employed
• Unsalaried company directors
• Contract workers
• Commission-based workers
• People with seasonal earnings
• Those with more than one income
• City workers or others who receive a high annual bonus
• Employees from other sectors such as the airline industry, who have complicated systems of bonuses and allowances that make conventional documented proof of income problematic.
• Borrowers on a low wage who have an inheritance fund or other family income
• Freelance workers

Self Certification
Self-certification is the process by which the amount that a customer borrows is based on what they claim is their income as stated in a signed declaration in the application form, but where they don't have to prove it on the basis of their accounts. There is no need to supply accounts, bank statements or any other proof of income. Instead the lender will take up bank and lender references, credit checks, solicitors' confirmation of previous ownership and landlord's reference.

Normal Mortgages
Sometimes it will be possible for people from within the various groups mentioned above to obtain a normal mortgage. If you have a good credit history, can show a consistent level of regular income over a number of years, have the bank statements or business accounts to prove it and can show that you are not such a high risk, then you should be able to get a conventional mortgage deal at a conventional rate of interest.