With the property market slowing and various deals becoming less beneficial, self certification mortgages continue to maintain the status quo.
Despite some availability issues with a small number of providers, self certification mortgage continue to be popular amongst the self employed who have little proof of income.
Some analysts consider this to be surprising as many providers have tightened their lending conditions on nearly all of their mortgage agreements.
Self certification mortgages can represent a tremendous risk to providers, perhaps more than any other type of deal. After all, they have significantly less tangible evidence that the consumer can afford to keep up with repayments.