If self-certification mortgages are to be banned, how do I move onto an equivalent deal when my introductory fixed rate period is up?
My fixed rate deal ends next December and I'm getting concerned that I'll not be able to get a similar offer. Any advice for self-employed people (with 3+ years of accounts) considering a remortgage in the current climate?
You should speak to you lender in the first instance - many lenders offer 'product transfers' which is a new fixed or tracker mortgage which will save you having to move onto the standard variable rate and usually cheaper than remortgaging.
In terms of self cert mortgages, yes they have (all but) gone, if you can prove your income using accounts, tax returns and bank statements, you have a loan to value less than (usually) 75% and your mortgage is affordable a good mortgage broker will be able to find you a mortgage | 11.22.10 @ 22:25