Self-certification mortgages are designed to assist people who have an irregular income pattern, or who may have trouble proving their income, to finance the purchase or remortgage of a property.

There are an estimated three million self-employed individuals in the UK. Additionally, there are millions more who receive their income on an irregular basis – such as via commissions, bonuses, investments, or directors’ fees - rather than through a regular salary.

To assist them in financing their homes there are a number of specialist lenders who provide a range of self-certification mortgages.

The application process for self-certification mortgages will usually involve some form of credit scoring and proof of income requirements which may include a combination of:

• A statement of earnings from the applicant
• A declaration of income from an accountant
• Credit searches (Equifax, Experian etc)
• Mortgage statements
• Landlord references

Self-certification mortgages are also known as “self-employed mortgages” or “non-status mortgages.”

Professional advice should be sought from a qualified mortgage broker or IFA in order to help you select the right self-certification mortgage product based on your individual circumstances.