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Mrs deadly and I have a self-certified mortgage - from the days when they were throwing them at anyone 😀
To be fair to us though, we didn't take the piss - I had just gone self-employed and providing accounts showing anything other than ****-all earnings was going to be difficult. We didn't do it to get a 7 or 8 times income multiplier. So, we're pretty clean and might be looking to move soon. This time, we'd definitely need to borrow more cash - around £50 - £60K - and would have an LTV of around 20% - taking current property prices and equity into account.
What think the STW financial folk?
'**** off' seemed to be the general response to self certs when we were looking at mortgages just recently.
they still exist, but the rules are a lot tighter. if you've been self-employed for 3 years I'd imagine you have some paperwork this time. do you mean 20% of ltv (which would be a 60k loan on a 300k house) or 80% ltv (240k on the same value)?
Oops 5lab - sorry - I meant we'd have around 20% deposit on the new house. D'oh.
why not use the money to buy me a house?
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