Self certified loans

Secured Loans >> Self certified loans

If you are a UK homeowner that is unable or unwilling to declare your income you may want to apply for a self certified loan. This type of secured deal can be found with dozens of lenders across the UK - but it can be hard to find the right offer. Fresh Start Finance searches the whole of the market for the best self certified loan. Feel free to call us now for an instant decision on 0800 389 6345. Our friendly, experienced team are waiting to take your call.

Find a self certified loan with Fresh Start Finance

What is a self certified loan?

Many people are unable to prove their income for the purposes of arranging loans or mortgages. If you are self-employed, work overseas, are an unsalaried director or get paid in commission, then your income may be irregular and your payslips or accounts may not give the full picture of your earnings. Self certified loans allow you to declare what your current or projected income is without financial documents. All you have to do is sign a declaration agreeing that you can afford the loan repayments.

Is a self certified loan right for you?

Self certified loans aren’t the right deal for everyone. Because of the increased risk to the lender, interest rates are higher and you must make sure that you can afford repayments. It’s also worth considering the following points:

Bank statements and payslips are not required to be approved for a self certified loan
You can arrange a self certification deal at fixed or variable interest rates
Useful for freelancers, workers on a bonus-reliant income, contractors, unsalaried directors, people who work on commission and those who draw an income from shares and investments
If your current income doesn’t reflect what you expect to earn in the near future, you can self-certify to take that into account
Some deals require at least a year of solvent trading if you are self-employed before being considered for a self certified loan