From: "Mark Hamptons" 
Newsgroups: uk.finance
Subject: Can 'anyone' get a Self-Certify mortgage?
Date: Fri, 24 Sep 2004 21:09:59 GMT

Hi, in about a year I will be wanting to move house.  I currently own 2 
properties in the UK, 1 of which I rent out.  When I move I would like to 
rent out my current apartment also.  This will leave me a new, 3rd house to 
live in.

The problem is this will also mean I need to get a 3rd mortgage (the other 
two are standard not buy-to-let mortgages - shhh don't tell Abbey!).

I have heard a bit about Self-Certify (SS) mortgages, but can't seem to find 
much info on the Net.  Can anyone shed any light?  Basically I am looking 
for something like this:

I can borrow as much as I want (say £300k)
I can pay a deposit of 5-10%
Their decision won't depend on my yearly earnings (PAYE: £23k)
I will personally guarantee that I can afford the monthly payments
I will be liable to losing my home if I cannot
They won't mind that I already have 2 mortgages
They won't mind that those 2 properties will be let out

Is that essentially what SS mortgages are?  If not, what are they... and is 
there anything that *is* like that?

Thanks guys 'n' girls :)