Self-certification mortgages are available if you cannot verify your income. This could be for a number of reasons including:

• Speed of service is essential (house purchase with deadline)
• Proof of income not readily available
• Income comes from a number of different sources
• income made from bonus, commission or second job

The lender will ask for details of the your income, but they will not need to see proof of total earnings. Other terms will depend upon the lender's requirement and in accordance with the rates prevailing in the market place.It is a criminal offense to lie about your income.

Buy to Let Mortgages:

Buy-to-let mortgages are provided for property purchases or remortgages for investment in the private rental sector. How much you can afford to borrow can be based on how much you earn or the amount of rent expected from the property. Some lenders may also take your existing mortgage or other loans into consideration.

Buy to let mortgages can be fixed, capped, discounted or variable. Some may be base rate trackers, or have cashbacks and flexible features.

With a variable rate buy to let mortgage the amount you repay increases or decreases in line with interest rate changes. This means that you cannot predict the monthly cost of the borrowing. In times of falling interest rates variable rate mortgages are beneficial, as your mortgage repayments will reduce. however, if interest rates rise then so will repayments.