Hi Sharon
Not sure what you need to know exactly but there are generally two types of ‘self cert’ accepted these days
‘Self cert’
Self employed - the amount declared is verified by an accountants certified statement or bank statements or whatever the particular lender requires as proof.
‘True self cert’
Self employed - self declared earnings from various sources – basically you sign to say that you earn X amount, you still may be asked for proof by the lender if they are not confident that you are able to earn the amount declared.
Just a couple of points;
Most lenders no longer accept employed, self cert declarations or applications.
Please do not be tempted to declare more than you actually are able to earn, you will not be doing yourself any favours in the long run, and this may lead to you committing mortgage fraud.
Talk to an advisor about what can and can not be declared for the purposes of self-cert (you would be suprised).
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