No Proof of Income

As employment has changed in recent years, so has the need for self-certification mortgages and remortgages. Many individuals cannot prove their income via the traditional method i.e. wage slips and P60’s. They may be self employed with no accounts, contract workers, sub-contractors or the like and as such have no means to prove what they are actually earning. This is where they need mortgage lenders who will allow applicants to self-certify their earnings.

Since the mid-1990’s a number of new, centralised lenders have begun lending to individuals who do not fit the “normal” criteria. Lenders you may not have heard of, as they don’t operate on the high street, but lenders who are owned by huge financial institutions, such as GE, General Motors, Morgan Stanley, Merrill Lynch, Lehman Brothers and the Halifax / Bank of Scotland to name a few. Specialising in self-certification and adverse credit remortgages and mortgages, they have developed sophisticated pricing systems to allow for the extra risks they take on. They distribute their mortgages through intermediaries like Home Loans Direct.

Home Loans Direct are a specialist broker of self-certification and adverse credit remortgages. We can help if you have got no proof of income. We will act on your behalf to arrange the right finance package from a wide selection of these “centralised, specialist lenders”. For your peace of mind we are authorised by the Financial Services Authority and are licensed by the Office of Fair Trading.

To find out how we can help you, complete the online enquiry or call 0800 197 4343 to speak to one of our experienced mortgage advisors