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The income from a self-employed applicant for a Self Employed Cheap Loans for Tenants can be assessed in two ways: Self-certification - you self declare what you earn and the lender will not insist on seeing audited accounts:  | This is how a self-certification loan should work, but there are still some lenders who will need you to prove your income in other ways, such as an accountant's certificate. This is a document signed by your accountant to say that your self employed income is sufficient to service the Self Employed Cheap Loans for Tenants requested. | | Most lenders will supplement this information with credit searches or credit scoring. | | Self-certification has limits - most lenders will only allow you to prove your income in this way if you want to borrow less than 75% loan to value, so you will need to put down a substantial deposit.
However, some lenders may allow you borrow up to 85% on a self-certification basis. |
Certified Accounts: | Certified Accounts are produced by your Accountant and will detail your income on a yearly basis. |
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