People missing out on Self-certificate
Many people in the UK who are self-employed
could be losing out on a great mortgage
deal simply because they do not fully understand
the mortgages speciality.
Mortgage Express concluded that 71
per cent of self-employed people also income workers (secondary)
when questioned, admitted that they did not understand these mortgage
Nearly 50 per cent of people stated
that they had no understanding of self-certificate mortgages.
Overall, one in ten people within the UK are self-employed; the
Express team feel that there is a market for self-certificate
Andy Wiggans, at Mortgage Express commented,
"Our findings show that the potential self-cert market is
strong and has grown by an estimated 15 per cent over the past
"Although not ideal for everyone,
mortgages can be the solution for those who are dependant
on secondary or variable incomes and want to own their ideal home,"
"Yet lack of consumer awareness
regarding this product is still preventing many eligible consumers
from getting on or climbing up the property ladder."
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