Self Certification – For the Employed

Important notice

We are currently unable to arrange self certification mortgages.

One of the consequences of the Banking credit crisis is that mortgage lenders have withdrawn from this type of lending.

We will be watching for any development in this area

Self certification of income is also available to employees.  Mortgage lenders are tightening their lending criteria and a will look quite closely at a self certification application for an employee.

There needs to be a good reason for self certification.  Typical candidates would include:

Employees in a sales related job where income includes commission or bonuses.  This commission or bonuses may not show on their payslips.

Employees with additional sources of income.  The additional sources of income might be maintenance income, investment income, second job, rental income.

Typically lenders would prefer that the applicant has been with their employer for at least 3 months and have a history of employment for at least 1 year.  Lenders prefer that there is not probationary period.

Mortgage lenders will apply reasonability test to the declared income. Mortgage Underwriters have access to statistical records of income for all occupations.