Self cert mortgage help during the credit crunch
A specialist self cert mortgage broker can help you find a competitive rate, even during the credit crunch. Self cert mortgages or mortgages for workers who don’t have a regular, fixed income or even have bad credit histories, are still available despite the crunch. Specialist self cert mortgage brokers can scour the mortgage market to ensure you get the best mortgage package to suit your unique circumstances and financial requirements.
Self Cert Mortgages harder to secure
Bad credit and debt is increasingly common in the UK. In fact, UK debt is double that of Europe, with Londoners being the most in debt, according to the BBC. Personal debt is so high that a new phenomenon has arisen: the white collar tramp. Middle class, high earners are becoming vulnerable. The credit crunch has resulted in lenders tightening their lending criteria to help protect them from those who fall into insolvency or un-payable debt. For those who can afford a mortgage but are self employed, the credit crunch climate means they are more likely to be turned away by the high street lenders and banks.
Self Cert Mortgages increasingly common
However, changes in the way many of us work mean more people in the UK don’t have fixed regular incomes. It isn’t just artists that are looking for self cert mortgages; increasingly professionals earning high annual incomes work on short-term contracts with variable monthly earnings. A self cert mortgage however can still be a competitive financial product if you turn to specialist mortgage brokers who can scour the hundreds of self cert mortgages available.
Don’t feel disenfranchised
The mortgage market has adapted to ensure there are financial products such as self cert mortgages to help those who have found it traditionally difficult accessing financial services from banks and mainstream lenders. Don’t feel disenfranchised simply because you’re self employed or rely on short-term contracts. You can buy your dream property and you can find a competitive self cert mortgage.
Prosper Home Loans have the experience and expertise to obtain the best mortgage to suit your individual financial situation. Whether you are planning your first purchase, moving home, thinking about remortgage or debt consolidation, buying a second home, or perhaps considering a commercial venture, let Prosper help. Prosper has extensive experience in working with specialist self cert mortgage lenders, so if you’re looking for self cert mortgages or bad credit mortgages, email your query to: enquiry@prosperhomeloans.co.uk or telephone: 01424 712333 and find out how Prosper can help you.