Those who have a keen interest in the future of self certified mortgages may have noticed that they are beginning to appear more and more frequently in the media. Self certified mortgages - which enable the borrower to certify their income without needing to supply standard income documentation - may be extremely popular with the self employed but they are also a cause for concern for the regulatory bodies.
While lenders usually need proof of income, sometimes people may have difficulty proving how much income they make. Perhaps they are self-employed or have not been trading long enough to produce any ...
Traditional mortgage loans may be out of reach for many people who will not qualify because of their employment situation. While the typical 40 hour work week, fixed paycheck job where you get paid twice each month is still widely available, there are a growing number of jobs that rely heavily on commissions or bonuses as part of the pay structure. Additionally, for people that own their own business or professionals who earn their income from freelance projects, a traditional mortgage can be difficult to qualify for.
If you are interested in applying for a self certified mortgage, then your lender ...
Finding the best offset mortgages deal can be challenging. There is a huge amount of information on the internet and on the high street about offset mortgages, but instead of giving you clarity, it can leave you overwhelmed and confused as to which is the best offset mortgages deal on the market.
Offset mortgages link the balances in a borrower's mortgage account and/or savings account. Interest earns from the savings and/or current accounts are used against the mortgage debt and in theory; the mortgage can be paid off quicker. It is also flexible and allows overpayments, underpayments, and sometimes payment holidays.
Offset ...