It’s tough if you have bad credit. It’s even tougher if you have bad credit and you are self employed. It may seem like no lenders will be able to help you find Self Certified Mortgage UK to fit your needs. Maybe you have missed payments in the past due to being unable to work because of illness, or your business may have seen some lean times – however you got yourself in a bad credit situation, there are still self cert mortgages out there for you. It’s just a matter of knowing what to do to maximise your chances of approval.

The first thing to do is to get to know your credit rating. Go online and visit one of the UK’s credit agencies – Equifax, CallCredit or Experian – to see exactly how bad your credit actually is. The credit rating is what a lender will look at first when calculating self certification mortgages – without a proof of income the lender will still need something that shows you have managed mortgages or other debts in the past. So before you apply for Self Certified Mortgage UK, see what the lender sees and that will give you an idea of what you could borrow. Also, there may be mistakes or discrepancies that could be amended before a lender uses them to say no – don’t let details get between you and great self certificated mortgages.

After you check your credit rating, go through all your finances and have them organised. If you are self employed you may have more than one income stream, or you may have your own business with infinite comings and goings – all your finances need to be accountable when it comes to applying for self cert mortgages. Lenders will look back several years to see how you handled debts and managed income streams. So, once again, before applying for a self certified  mortgage uk be one step ahead and know exactly what income and what outgoings are taking place in your financial life.

Also, have all your debts and other financial responsibilities in order – nothing is going to deter self cert mortgages lenders more than a bad credit customer who cannot take care of existing financial burdens. Self Certified Mortgage UK can be a great tool to consolidate debts, but first you must be on top of those debts. Organise direct debits, talk to existing lenders and make sure you are in the best possible shape when it comes to applying for self certification mortgages.

Finally, get some advice. A bad credit customer isn’t going to be the most attractive proposition to many self cert mortgages lenders – so you need to know who will take you on. A broker will know the self cert market inside out, and will have the know-how to be able to find you a lender that will work with you. Self Certified Mortgage UK are still out there for those with bad credit, it just means a bit more hard work on your part to make sure you are as eligible as possible.