Compare self sert loan deals…
If you want a loan, but are self employed or unable to prove your income, you will need to look at the range of self cert loans on offer.
With a self cert loan you will generally be asked to:
- declare your own income
- provide an accountant certificate stating that your income is sufficient to service the certification loan
- provide bank statements covering a certain period, so the lender can get an idea of your gross income
If you are a home owner, your mortgage repayment history will be useful as proof of punctual payment. Due to the potential risk to the lender, self cert loans generally carry a higher rate of APR, but many lenders offers deals where the rates drop after an initial period because you have then proved that you are able to keep up payments.