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How to apply.

Because self-cert mortgages are often seen as specialist, slightly riskier loans several lenders will only offer them to people who have been recommended by a professional adviser or broker. The best of these experts offer a valuable service. They can shop around the whole market – including less well known names like Accord, Mortgage Express and UCB Home Loans. In some cases they can also put clients in touch with lenders who will offer the mortgage size they need without relying on self-cert terms. The downside is that there are some less reputable advisers out there as well. They point more rather than less people in the self-cert route because they know they can earn above average commissions in the process. Mortgage fees on the loans can be higher than on traditional mortgages – and any money you pay to the broker can produce an even bigger financial hit. So it pays to pick your mortgage broker with care. The Financial Services Authority regulates the advisers and the consumer section of its website, www.fsa.gov.uk explains exactly how a reputable broker should perform. Either online, or on 0845 606 1234 you can also check that the adviser you have found is properly authorised to trade.