Self Certification long term discount mortgage
Being your own boss may make it difficult to prove your income. That's why you need a self certification mortgage.
Our self certification range of mortgages are designed for the needs of the self employed.
| Initial rate | 6.99% - A discount of 0.25% off our standard variable rate for the term of the mortgage | |
|---|---|---|
| The overall cost for comparison | 7.2% APR | |
| Arrangement fee | 2% of the loan subject to a minimum of £995 (added to your loan unless you tell us otherwise) | |
| Legal fees | Click here for additional information on legal fees | |
| Maximum loan to value ratio | 75% | |
| Higher lending charge | Not applicable | |
| Valuation fee | No valuation fee | |
| Early repayment charge | 3% of the amount repaid for the first year, 2% for the second year and 1% for the third year | |
Your home may be repossessed if you do not keep up repayments on your mortgage
All mortgage pages must be read in conjunction with the important information (mortgages) page.
Notes- There is an arrangement fee of 2% of the loan amount subject to a minimum of £995. For example, on a mortgage of £180,000 the fee would be £3,600. This fee will be added to the loan or you can pay it separately. Interest will be payable on fees added to the loan.
- The discount rate may be withdrawn if you are more than three months late in paying any money due under the terms of the mortgage.
- If we agree to you letting the property, the discount rate will be withdrawn and we will charge interest at our standard variable rate plus an additional 0.25%.
- Not available to existing Chelsea borrowers.
- Where the price or value of the property is greater than £250,000 the maximum advance may be restricted. Further details are available from your local branch or by calling us on 0800 345 7744.
- Loans only available to persons aged 18 or over. Applicants for the self certification mortgage must be aged 21 years or over.
