Last lender ditches self-cert

That's me stuffed then.....no more self-certs

This will lead to a large group of people unable to remortgage, or move home, clogging the housing market up further. Many brokers will go out of business as well as the assoc companies. But that doesn't matter, as long as Gordon/FSA seen to be doing something however useless!

Funny how someone who is employed for say 3 mths can obtain a mortgage,by supplying salary slips.But the self employed will need at least 1 yr plus projection.Well Done FSA.

Obviously it makes sense that an employed person finds it easier to get a mortgage, their income is guaranteed every month and can be proven, whereas someone self employed will have many more expenses and risks involved, therefore it makes sense that "self certs" be banned. we all know that an honest self employed person is aware that it is harder to get a mortgage and if they report true earnings over a consistent time frame, this will enable them to apply for standard residential mortgages.