Mortgage Self Certification is the process of an individual, or couple for that matter, who needs to self certify their income due to any one of a number of reasons which may include, but are not limited to the following:

• Mortgage Self Certification - is needed because you are self employed and your business accounts do not reflect your true earnings. This may be because your business is involved in cash transactions which are often difficult to prove.
• Mortgage Self Certification - is needed because you are under time pressures imposed by a vendor of a property you wish to buy. Sometimes, particularly when buying properties up at auction or those that have been repossessed the agent or lender in possession will insist on a 28 day exchange of contracts. When this occurs it is quite justifiable to apply for a Mortgage Self Certification in order to speed up the mortgage application process.
• Mortgage Self Certification - has been recommended by your mortgage adviser for a particular reason. Again, when taking advice from a suitably qualified professional who is regulated by the Financial Service Authority a Mortgage Self Certification method may be recommended because the lender may have different criteria than on the mainstream application process. For example, a lender may be willing to lend up to four times the income and only half of any overtime and bonuses earned, whereas they may allow 100% of the overtime and bonuses to be included when applying for the mortgage self certification.
• Mortgage Self Certification - is needed because your income is encompassed from numerous different sources such as tax credits, employment, second jobs and so on. Not all lenders will allow the use of all types and sources of income but many mortgage self certification applications will allow it.