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It is very often the case that self employed people find the process of obtaining a mortgage rather more complicated than it should be. Here at MortgageWright we take the stress out of finding the right mortgage for self employed people. There are various reasons why the self employed find it difficult to provide up to the minute proof of income. Self - Certification is perfect path for the self employed, those people who own their own business, those on short - term or part - time contracts to follow.

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Self - Certification Mortgages usually involve providing an initial deposit - somewhere in the region of 25% or above but who, for a variety of reasons, are unable to provide up to date evidence of their income. The outstanding benefit of Self - Certification Mortages is that the amount you borrow is based on the income you claim to be earning - this has to be stated in a signed declaration in the mortgage application form.

In addition to the above there are an increasing number of specialist lenders who offer cutting edge solutions to those with different working patterns, or those dependent on bonuses, or those that simply require a more flexible approach.

If you are self employed and have positive proof of your income we should be able to find a mortgage to suit your needs. Lenders normally require three years accounts for this to happen, however, there are lenders who will take as little as one months proof of income.

Please Note
1) Your home may be repossessed if you do not keep up repayments on your mortgage.
2) The overall cost for comparison is 10.7% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

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