Self Cert Remortgage Deals Finish - Fast Track is the Only Way
Over the last ten years the UK mortgage market has changed rapidly, one of the biggest changes has been the introduction of self cert mortgages.
A self certification mortgage has one main difference from a normal mortgage loan and that is that the lender will not ask to see proof of income.
Many mortgage lenders entered the self cert market and with the boom times of the property market more and more people were applying.
But now the credit crunch is upon us lenders have shut up shop, gone bust or can not access the money required to keep funding self cert remortgages.
If you have had a self cert remortgage in the past and are now looking to remortgage you are going to find it a lot more difficult to remortgage.
Lenders are now checking income and for many they will not be able to provide the documents required.
However if you have equity of more than 75% and a perfect credit score there could be a solution to your problems.
To speed up the remortgage process lenders will fast track clients who have equity and an A 1 credit score.
The lender still with holds the right to check income, but for many who have used a self cert remortgage in the past this will be their only chance.
A fast track mortgage is not the same as self cert and the lender can case check at any time, if you are unsure of whether you qualify for a fast track remortgage speak to a mortgage broker who will be able to talk you through the process in more detail.
Many mortgage lenders entered the self cert market and with the boom times of the property market more and more people were applying.
But now the credit crunch is upon us lenders have shut up shop, gone bust or can not access the money required to keep funding self cert remortgages.
If you have had a self cert remortgage in the past and are now looking to remortgage you are going to find it a lot more difficult to remortgage.
Lenders are now checking income and for many they will not be able to provide the documents required.
However if you have equity of more than 75% and a perfect credit score there could be a solution to your problems.
To speed up the remortgage process lenders will fast track clients who have equity and an A 1 credit score.
The lender still with holds the right to check income, but for many who have used a self cert remortgage in the past this will be their only chance.
A fast track mortgage is not the same as self cert and the lender can case check at any time, if you are unsure of whether you qualify for a fast track remortgage speak to a mortgage broker who will be able to talk you through the process in more detail.
A self certification mortgage has one main difference from a normal mortgage loan and that is that the lender will not ask to see proof of income.
Many mortgage lenders entered the self cert market and with the boom times of the property market more and more people were applying.
But now the credit crunch is upon us lenders have shut up shop, gone bust or can not access the money required to keep funding self cert remortgages.
If you have had a self cert remortgage in the past and are now looking to remortgage you are going to find it a lot more difficult to remortgage.
Lenders are now checking income and for many they will not be able to provide the documents required.
However if you have equity of more than 75% and a perfect credit score there could be a solution to your problems.
To speed up the remortgage process lenders will fast track clients who have equity and an A 1 credit score.
The lender still with holds the right to check income, but for many who have used a self cert remortgage in the past this will be their only chance.
A fast track mortgage is not the same as self cert and the lender can case check at any time, if you are unsure of whether you qualify for a fast track remortgage speak to a mortgage broker who will be able to talk you through the process in more detail.
Many mortgage lenders entered the self cert market and with the boom times of the property market more and more people were applying.
But now the credit crunch is upon us lenders have shut up shop, gone bust or can not access the money required to keep funding self cert remortgages.
If you have had a self cert remortgage in the past and are now looking to remortgage you are going to find it a lot more difficult to remortgage.
Lenders are now checking income and for many they will not be able to provide the documents required.
However if you have equity of more than 75% and a perfect credit score there could be a solution to your problems.
To speed up the remortgage process lenders will fast track clients who have equity and an A 1 credit score.
The lender still with holds the right to check income, but for many who have used a self cert remortgage in the past this will be their only chance.
A fast track mortgage is not the same as self cert and the lender can case check at any time, if you are unsure of whether you qualify for a fast track remortgage speak to a mortgage broker who will be able to talk you through the process in more detail.
