Offers SelfCertifiedMortgage.co.uk 246,000 Google Exacts

[jonno]

Looking for offers over £2500 for SelfCertifiedMortgage.co.uk.

246,000 Google Exact Matches

Offers by email or PM.

Thanks,

Jonno.

 

[WaftyCrank]

Haven't these recently been banned by the FSA?

 

[jonno]

not that I am aware of?

Wiki says:

"Self Cert" mortgage

Mortgage lenders usually use salaries declared on wage slips to work out a borrower's annual income and will usually lend up to a fixed multiple of the borrower's annual income. Self Certification Mortgages, informally known as "self cert" mortgages, are available to employed and self employed people who have a deposit to buy a house but lack the sufficient documentation to prove their income.

This type of mortgage can be beneficial to people whose income comes from multiple sources, whose salary consists largely or exclusively of commissions or bonuses, or whose accounts may not show a true reflection of their earnings. Self cert mortgages have two disadvantages: the interest rates charged are usually higher than for normal mortgages and the loan to value ratio is usually lower.

http://en.wikipedia.org/wiki/Mortgage_loan#.22Self_Cert.22_mortgage

 

[HariSeldon]

Looks like BANNEDfromTV was right.


FSA plans self-cert mortgage ban

Oct 2009
The City watchdog announced proposals today to ban self-certification mortgages and ensure all borrowers prove their ability to repay in advance.

These proposals, if finalised, will be phased gradually, starting midway through next year.

All is not lost though, someone could still use the domain as a warning site on why Self Cert was such a bad idea in the first place, with affiliate links to much more ethical financial products of course.

 

[jonno]

bugger, well there goes another victim of the credit crunch, we should have been sold years ago