July 26th, 2010 
Money maker
At present self employed people are unsure of their position when they need a secured loan, mortgage or remortgage. In the past, the self employed were almost at an advantage compared to employed people when making am application for a remortgage, mortgage or a secured loan, as they could self declare their own income, unlike employed applicants for these home loan products. While the employed had to be truthful about their earnings, as they had to provide wage slips when applying for these loans, the self employed simply had to provide what is widely known as a self cert. This meant that no self employed applicant would ever be declined for a mortgage, secured loan or remortgage, at least not on the grounds of having insufficient income, that is unless he or she was rather dim witted. There was even one lender at that time, namely Future Mortgages, who even…
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