self cert motgages , please explain/ limited company ?
21-07-2007, 04:02 PM
#1
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self cert motgages , please explain/ limited company ?
As above , really struggling to get a morgage as im a limited company and have been running for around 15months , get payslips and p60`s etc but its a nightmare to get a mortgage 
heard someone say self cert but have no idea the ins and outs of it peeps, thanks 
heard someone say self cert but have no idea the ins and outs of it peeps, thanks
21-07-2007, 04:11 PM
#2
self cert is when you self certificate your own income
if you want to "borrow" more than the bank recommends, then you can "inflate" your income a bit by self certifying
comedy dan is the best person to ask here as he does this sort of thing for a living/sideline but there are ways and means of them checking so don't trying and big your income up too much otherwise the taxman might come and give you a rogering, with no lube
if you want to "borrow" more than the bank recommends, then you can "inflate" your income a bit by self certifying
comedy dan is the best person to ask here as he does this sort of thing for a living/sideline but there are ways and means of them checking so don't trying and big your income up too much otherwise the taxman might come and give you a rogering, with no lube
21-07-2007, 04:23 PM
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Problem is mate , i need 3 years acounts and only have 1 at the moment and going really well , but just hit a brick wall all the time man 
thanks
thanks
21-07-2007, 06:30 PM
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i did a self cert with the abbey,on a 160k house,but i had 40k to put down as deposit from sale of old house..
no probems though and i would reccomend them-although i did it through an independant advisor-he did everything for me.
no probems though and i would reccomend them-although i did it through an independant advisor-he did everything for me.
21-07-2007, 06:50 PM
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21-07-2007, 10:30 PM
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i did a self cert with northern rock but then I had a £130K to put down as a deposit, you do need a good old wadge to put down to get 'em!
basically you can do a fast track mortgage where they "might" ask for proof of income this is a pain if there a fees to pay up front, then there are true self certs but you pay a bit more in interest.
basically you can do a fast track mortgage where they "might" ask for proof of income this is a pain if there a fees to pay up front, then there are true self certs but you pay a bit more in interest.
23-07-2007, 08:34 PM
#11
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Originally Posted by cjwood555
If your business is a limited company, why do they need business accounts? Presumably it's you buying the house not the business?
Chris
Chris
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