Spotlight on self-cert - a niche not to be ignored

Professional Adviser
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The number of self-employed people has risen rapidly in recent years, and there are now well over three million people working for themselves in the UK.

This has subsequently driven growth within the self-certification mortgage market, and according to Datamonitor’s 2005 report the future looks bright for this sector.

Bank of Scotland Mortgages have made it their mission to ensure Self-Certification customers can benefit from the expertise of a trained team of underwriters and an efficient mortgage application process.

Charles Haresnape, Managing Director of Bank of Scotland Mortgages, explained the rationale behind this strategy:

“At Bank of Scotland we have an approach that involves looking at each mortgage application on an individual basis, and have particular expertise in processing complex cases. This stands us in good stead to offer Self-Cert clients and intermediaries operating in this field the best service whilst
also preserving a focus on responsible lending.”

Self-Cert Tracker – BBS906

· 2 Year Tracker Rate at 4.89% (Purchase and Remortgage)
· Tracks at Bank of Scotland Base Rate +0.39% to 30/09/2008
· Reverting to Home Loan Rate
· To 85% LTV
· Max loan size £1 Million
· No Higher Lending Charge
· Early Repayment Charges 5% to 30/09/2008
· Arrangement Fee £699


Bank of Scotland Base Rate is currently 4.50% (variable). Home Loan Rate is currently 6.65%. (variable)

If you do not have professional experience, you should not rely on the information contained in this communication. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise private clients, you must ensure it conforms to the Financial Services Authority’s advising and selling rules. The Governor and Company of the Bank of Scotland, constituted under an Act of Parliament dated 1695. Head Office: The Mound, Edinburgh EH1 1YZ

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