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Self
Certification Mortgages for those who are self employed and want a
mortgage, you may not be able to prove your income in the usual way. Most
lenders will accept three years of accounts, however if you have not been
in business that long you may find getting a mortgage difficult. And even
then your accountant may have minimized your income for tax purposes.
Self certification mortgages allow you to declare your income without
having to back it up. You will usually need to write a letter or get your
account to state your income and your ability to make repayments. You
will also need to have a large deposit for a self certified mortgage.
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