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self cert mortgage

Mortgage Brokers :: The Mortgage Mentor

Self certification usually means that you certify your own income. This means you simply tell the lender how much you think you can afford to pay back each month and they lend you this. Of course this makes it easy to over extend your borrowing. The Mortgage Mentor would not be at all surprised if this did not mean that there are some ferocious terms and conditions awaiting the unwary. In other words if you get a couple of months in arrears they will repossess your house. This is probably where an Insolvency practitioner and lawyer would come in handy.

The Mortgage Mentor is always interested in pursuing topical discussion and debate on matters Mortgage and Loan related and in particular focusing on mortgage uk ccjs and mortgages in the uk. The Mortgage Mentor aims to offer opinion and anecdotal analysis of the Housing Market in the context of adverse credit manchester mortgage and equitable release schemes in so far as they impact upon the overall economy and social factors that may effect the adverse credit credit card.

 

The Mortgage Mentor does not profess to be a professional Financial Advisor or a Mortgage Broker, Banker or Credit Agent. As always seek advice about mortgages and remember you can lose a home as well as buy one.

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The Mortgage Mentor has a thought for the day....

I've got to sit down and work out where I stand.

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