Property Investments For Anyone Building Wealth}

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Submitted by: Peter Kenny

One of the most troublesome concerns for those considering property investments is having the necessary knowledge to make quality decisions regarding a topic they may not know a lot about. Instead of shying away from property investment methods, though, those looking to build wealth should focus on this area. The underline fact is that anyone that has a basic knowledge of investment and the willingness to learn can take full advantage of the many real estate investments available today.

What You Do Not Need To Do

Today, there are plenty of investment methods available to you in terms of real estate investing. You do not have to purchase a piece of land and either sit on it to see a rise in its value nor do you have to work on building and developing that property to see a profit. These things do take time, money and larger risk than is necessary. When you invest in property through property options, for example, you minimize your risk substantially. There are also things you do not have to do.

1. You do not have to manage the overall business of running the property.

2. You do not have to handle the costly repairs to the property to see a profit.


3. You do not have to invest a lot of your money into the real estate in the hopes of seeing a profit.

4. You do not have to invest a lot of time in your property in the hopes that the value will rise in the long term.

5. You do not have to invest your time in learning the business of running rental property, or real estate in general.

When you consider property options, you have plenty of opportunity without a lot of investment at all.

Getting Started In Investments

Anyone considering building wealth needs to take into consideration the many benefits that can and do come to those that invest in real estate. They need to realize the true benefits of security and value that come from property investing over other types of investing. Getting started does not have to be difficult. Most importantly, getting started in the business of real estate does not have to be costly. You do not need a large amount of money to get started and that means that anyone can find themselves in the position to build wealth securely through real estate without risking a lot at all.

For those considering wealth building through property investing, it pays to take the time to gather facts and information. It is also helpful to understand the overall process of property investing. If you do decide to go through property options as your method of investing, take the time to learn the business of doing so. You will find that in terms of securities, stocks and other types of investments, that property options can really help you to make it without causing you to break the bank in the process.

Realize too that plenty of people that have a huge stake in property investing right now, including big name celebrity investors have used property options as the way in and the way up the ladder. Nothing is too complex, but everything is a potential or a gold mine.

Real estate investing should be something you consider, from day one of investing.

About the Author: Peter Kenny is a writer for The Thrifty Scot, please visit us at

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Business Adviser Complete Financial And System Analysis Services Provider}

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Business-Adviser – Complete Financial and System Analysis Services Provider


Mark Bonney

Business owners have to contend with an economic situation which is in a constant fluid state both locally as well as internationally. As a result, the markets are constantly fluctuating, leading to change in various other factors affecting the business. In keeping up with these changes, the government rules, regulations and compliance standards are also changing. Under the circumstances, it is a huge challenge for business owners to be on top of the situation and make smart decisions at all times. This is where business advisers like financial and system analysis service providers step in.Financial and system analysis helps the companies to analyse the financial data and make informed decisions that are smarter and go a long way towards financial health of the organisation. Financial planning is the integration and analysis of information stored in the various financial systems and data sources to prepare reports that are used by the top level management to take the right business decisions.Chartered Accountants in Parramatta is a complete financial and system analysis service provider in Australia for all types of business enterprises. Using financial information taken from the systems and data sources, the experts at Business-Adviser provide your company crucial information as regards the efficiency, profitability, liquidity as well as the stability of the company.As a complete financial and system analysis service provider, Business-Adviser offers valuable insight into the health of your business with cash flow analysis, break-even analysis, debt analysis and cost analysis. By studying the reports, our experts are also well qualified to offer advice on the liquidity, profitability, leverage, efficiency and the overall working of the company. With the financial and system analysis reports Business-Adviser provides, the top management of the company can take decisions on investing and lending their capital. They can also negotiate for a bank loan or decide to issue stock options based on the financial analysis reports. Business managers also rely on financial analysis for the restructuring of the business for the future. It is possible to estimate the future financial outcomes of a business with the help of financial and system analysis. Using the accounting and sales data as well as taking into consideration the market indicators, financial analysts from Business-Adviser can forecast in financial terms what will happen to the company over a given period of time.Along with financial and Professional Bookkeeping Services, Business-Adviser also offers other services like Tax planning and compliance, Accounting, Audits, Financial Planning, Bookkeeping and any other business help that you might need. Business-Adviser is a trusted and reliable financial service provider that helps you focus on your business and make smarter decisions so that your company grows and gains an edge over the competition. Visit for more details or enquiries.A complete financial and system analysis is an important first step in figuring out what happens next. Once we have an understanding of just what the issues are and what needs to be done to achieve the outcomes the business owners desire, we can begin to put into place the necessary procedures to maximize profit and performance of any business.Article Source:


Benefits Of Using Property Management Companies In Springfield Or

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byAlma Abell

Real estate is one of the most lucrative investment opportunities in the market. This is because as time goes by, the cost buying or renting property keeps going up. However, many real estate property owners fail to realize the full potential of their investment because they lack proper management skills. Hiring Property Management Companies In Springfield OR will give you the following advantages over other investors.

You will get higher quality of tenants

One of the reasons why rentals end up being a poor business idea is when the property owner doesn’t know how to choose their tenants well. The problem with getting bad tenants is that once they are in, getting them out is not easy. However, when you let property management companies take care of your property, they will screen your tenants. They will get tenants who:

1. Pay rent on time2. Rent a house for longer periods3. Are responsible and cause fewer damages to the property4. Are generally easier to deal with

Good managers have seen hundreds of rental applications. They know how to dig for information and clues that indicate that a certain prospective tenant will be trouble. If they feel that a certain client will be trouble, they will not accept the application.

Shielding yourself from trouble

When you let experts manage your property, you shield yourself from liability to very many things. For example, you shield yourself from rental swindles that are normally directed at property owners. Also, you will not be liable to any discrimination suits that could result from inconsistent screening processes. If a property management company is experienced, things will not even get to the level of lawsuits.

You will experience less legal trouble

Rentals are one of those investments where there is always a situation that is a lawsuit waiting to happen. You need people that are armed with the latest proprietor and tenant laws so that in case you are unfortunate enough to house ‘that tenant’ they will know how to handle the drama legally.As you can see, getting Property Management Companies In Springfield OR will make the management of you rentals very easy. For more information on property management Click Here!

How Will You Deal With Long Term Care Costs?}

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How Will You Deal with Long-Term-Care Costs?


Ishan Goradiya

LIFE EXPECTANCIES HAVE increased significantly and are expected to continue to increase in the future. As people age, however, they are more likely to develop conditions that limit their ability to live independently. As life expectancies increase, so does the need to make provisions for long-term-care costs.


Health insurance policies typically dont pay for nursing home care, while Medicare only pays for 100 days of skilled nursing home care, if admission follows a hospital stay. Medicaid pays a significant portion of all nursing home costs, but the government has enacted tougher rules to qualify for assistance. Many elderly individuals rely on family members for help, but the personal toll can be huge.

Do you need long-term-care insurance? If your assets, not including your home, equal at least $2 million, you can probably fund long-term-care costs with those assets, although you may not want to deplete your assets for this care. Those with very few assets will probably be covered by Medicaid. It is the people between these two extremes who should consider long-term-care insurance. This coverage may be especially important for women, who tend to outlive their husbands.


If youre thinking about purchasing long-termcare insurance, consider these points: 4 PURCHASE AT A RELATIVELY YOUNG AGE. You should probably purchase the insurance by the time you are in your late 50s or early 60s. After that, the premiums get much more expensive. You also run the risk that you could develop a serious health condition that would prevent you from qualifying for the insurance. 4 CHECK FOR INFLATION PROVISIONS. Since you may not receive benefits for many years, and longterm- care costs have increased significantly in recent years, make sure your policy has inflation protection (additional fees apply).

*OBTAIN INSURANCE FROM A STABLE INSURANCE COMPANY. You want to obtain insurance from a company that is sure to be around for the long term.

4 SELECT AN APPROPRIATE BENEFIT PERIOD. Many people choose a benefit period of three years to cover the average nursing home stay. However, due to the substantial costs associated with longterm care, you may want to select a longer period. Lifetime coverage, however, probably isnt necessary. Only 1.5% of policyholders with five years of coverage exhausted their benefits (Source: Financial Planning, April 2007).

* BE AWARE OF THE POLICY PROVISIONS. Benefits should be paid in as many situations as possible, including skilled

Care, intermediate care, custodial care, home health care, and adult day care. Many people prefer to remain at home as long as possible, so make sure the policy covers a wide range of home services. Review the waiting period carefully to ensure a good balance between premium costs and out-of-pocket costs.

* UNDERSTAND THE LEVEL OF ASSISTANCE NEEDED TO QUALIFY FOR BENEFITS. Typically, benefits are paid when you are unable to perform two of five activities of daily living, including bathing, eating, using the bathroom, moving back and forth from a chair to a bed, and remaining continent. Typically, benefits are also triggered when a cognitive impairment, such as Alzheimers disease, requires substantial supervision.

*DETERMINE HOW BENEFITS ARE PAID. Some policies pay a set daily amount, regardless of your actual costs. This may be a good alternative if you are staying at home and want to compensate a friend or family member for helping you. Other policies will only pay your actual out-of-pocket expenses up to a daily limit or may only pay reasonable

And customary costs.

* REVIEW NEW POLICY PROVISIONS. Long-term-care policies are relatively new, so policy riders are evolving. Make sure to check out new provisions, such as the ability to combine a life insurance and long-term-care policy, an accelerated premium provision that allows you to stop making premiums after a certain number of years, or a provision that returns premiums if you die without using benefits. Also look into partnership policies (not available in all states), which allow you to qualify for Medicaid after exhausting the policys benefits, while keeping more assets than normally allowed by Medicaid.

*CONSIDER SHARING A POLICY WITH YOUR SPOUSE. Some companies now offer policies that allow spouses to share policy benefits, which can operate in several ways.

* CHECK THE POLICYS TAX STATUS. A qualified policy allows you to deduct a certain percentage of the premium,

Depending on your age, as a medical expense on your tax return. Medical expenses are deductible to the extent they

Exceed 7.5% of your adjusted gross income.

Ishan Goraydiya is passionate writer and loves writing about

Verizon Retirement


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How Will You Deal with Long-Term-Care Costs?}

Fr Certification Guides}

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Submitted by: Michael Pappas

Question: 1

On 1 April 2012, Hunting plc acquired 70% of the ordinary shares of ICM Ltd. The following figures relate to the year ended 31 December 2012. Hunting plcICM Ltd

$$ Revenue769,000600,000

Cost of sales 568,500420,000

Gross profit200,500180,000

On 15 November 2012 ICM Ltd sold goods which cost it $5,000 to Hunting plc for $7,000. These goods were still held by Hunting plc at 31 December 2012.

What is the amount for gross profit in the consolidated income statement of Hunting plc for the year ended 31 December 2012?

A. $335,500

B. $333,500

C. $983,500

D. $985,500

Answer: B

Question: 2

A conceptual framework is a statement of generally accepted theoretical principles which form the frame of reference for financial reporting.

Which of the following is NOT a disadvantage of conceptual framework?

A. Standards are developed on patchwork basis.

B. Conceptual frameworks are developed for preparing financial statements that is intended for wide range of users.

C. Financial statements are used for variety of purposes.

D. The task of preparation and implementation of standards.

Answer: A

Question: 3

Where transactions have taken place between related parties, the entity should disclose the nature of the related party relationships, as well as information about the transactions and outstanding balances necessary for an understanding of the potential effect of the relationship on the financial statements. The disclosures must include the following, except

A. The amount of the transactions.

B. The amount of retained earnings.

C. Provisions for doubtful debts related to the amount of outstanding balances.

D. The expense recognized during the period in respect of bad or doubtful debts due from related parties.

Answer: B

Question: 4

Jerry Co has a defined benefit plan. At the financial year end, the plan has the following values:

$m Fair value of plan assets65 Present value of pension obligation52.5 Cumulative unrecognized actuarial losses2 Present value of refunds from the plan and reductions in future contributions11.5

What is the value of the pension in the statement of financial position?

A. $(12.5)m

B. $(14.5)m

C. $(10.5)m

D. $10.5m

Answer: B

Question: 5

Sarah plc has owned 100% of the ordinary share capital of Ulysses Ltd and Wally Ltd for many years. Ulysses Ltd operates in a country in Central Africa. In June 2013, civil war broke out in this country. Essential services have been severely disrupted and it has been impossible to communicate with local personnel for several months. This situation is unlikely to be resolved inthe near future. Wally Ltd is an insurance company. The rest of the group extracts and processes mineral ores.

In accordance with IAS 27 Consolidated and Separate Financial Statements and IFRS 3 Business Combinations which of these companies must be consolidated by Sarah plc at 31 December 2013?

A. Ulysses Ltd only

B. Wally Ltd only

C. Both Ulysses Ltd and Wally Ltd

D. Neither Ulysses Ltd nor Wally Ltd

Answer: B

Question: 6

Which of the following are roles of the IFRS Foundation?

(1)To issue IFRS

(2)To examine any identified or alleged departures from IFRS

(3)To guide the International Accounting Standards Board (IASB)

(4)To secure finance

A. (1) and (2)

B. (1) and (3)

C. (2) and (4)

D. (3) and (4)

Answer: D

Question: 7

Gene Ltd has the following assets and liabilities at 31 December 2005. Note$ Fixtures and fittings at carrying amount(1)10,000


Cash and cash equivalents1,000

Payable(5,000) 14,000


(1) The fixtures and fittings have been held for three years and had an estimated useful life of six years. If the fixtures and fittings were to be sold on 31 December 2005 they would realise $14,000

(2) If Gene Ltd was to cease trading it is estimated that an allowance against receivables of $500 would need to be made

At what amount would the net assets be stated in the statement of financial position of Gene Ltd at 31 December 2005 under the breakup basis?

A. $17,500

B. $13,500

C. $14,000

D. $15,000

Answer: A

Question: 8

The requirements of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations result in the separation of the financial position and financial performance of those activities which will continue into the future from those which will not. This provides a clearer base for projections into the future than if the position and performance of both types of activity were merely amalgamated. Which of the following qualitative characteristics has been reflected in the formulation of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations?

A. Understandability

B. Relevance

C. Reliability

D. Comparability

Answer: B

Question: 9

Taylor buys a machine on three months credit from France for 50,000 on 15 December 2012. The machine has not been paid for by Taylors year end of 31 December 2012. The exchange rates are as follows:


15 December 2012$1: 1.25

31 December 2012$1: 1.30

What is the journal to initially recognise the transaction?

A. DrNon-current assets$40,000 CrPayables$40,000

B. DrPayables$40,000 CrNon-current assets$40,000

C. DrNon-current assets$38,462 CrPayables$38,462

D. DrPayables$38,462 CrNon-current assets$38,462

Answer: A

Question: 10

According to IAS 1 Presentation of Financial Statements, which of the following statements is / are correct?

(i)The accounting policies adopted by a company must be disclosed in the notes to the financial statements

(ii)Inappropriate accounting policies can be rectified by disclosure of the policies used or by the inclusion of explanatory material

(iii) Companies may choose to prepare their financial statements (except for the statement of cash flows) on either the accrual basis or the cash basis

A. (i), (ii) and (iii)

B. (i) and (ii) only

C. (ii) and (iii) only

D. (i) only

Answer: D

About the Author: Test Information:Total Questions 140Test Number FRVendor Name: CPACert Name: Certified Public AccountantTest Name: Financial ReportingOfficial Site: https://www.

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Get20% Immediate Discount on Full Training MaterialDiscount Coupon Code:CertsWarrior20off


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In Preparing For A Baby Birth Announcement Food Invitations And Souvenirs

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Giving birth is one of the greatest gifts that has been given to mankind. Most of the parents-to-be are getting their selves prepared for the coming of their new born child by hosting birth announcements.

Though it can be stressful at times, planning a baby birth announcement is altogether fun and exciting. Financially, the host of the event (usually the parents) must know how much budget they will have to allot for the said event. In this way, they will be able to get an estimated amount of money to spend for their party. Parents could ask help from party planners for them to be guided with the financial budget, for the photo birth announcement cards and invitations, and for the kind of party theme that will better suit their taste.

Also, in planning a baby birth announcement, the host must know the number of guests to be invited. Birth announcements are not like any other party events that you can invite everyone in the neighborhood. It is considered as one of those special parties wherein closest friends and relatives are usually the ones being invited to share the happiness with the new parents.

An invitation card is one of the most important parts of planning a birth announcement. Parents must think about the theme and proper wordings that they will have to incorporate into their birth announcement cards. In writing for the invitation details, the host or hosts (parents) must keep in mind that it is a must to include some basic details about their child. Remember that this is an event for your new born baby, not for you as parents. DO NOT include the experience that you had during giving birth; this is not necessary for your invited guests to know. Just keep it simple and brief.

An example for a proper wording would be this:


It’s a Boy!

Introducing our new born child

Amos Raphael

He was born last Tuesday, December 7, 2010

Weighed 7.5 lbs, 6 oz

Length: 18 inches

Waiting with welcoming arms

Marvin and Arleen Smith

It will also be great if parents would spare a little budget with photo shoots for their little angel. The picture can be used for making photo birth announcement cards. This is one unique way of making a more personalized invitation card for the most anticipated event of your lives. In making personalized photo birth announcement cards, you may want to visit several companies’ sites that offer the said services, like SimplyToImpress. These companies will help you in making your own photo birth announcement cards without much cost.

When it comes to selecting food, it will be practical to buy or choose finger foods because they are easy to prepare and come in many options. Since birth announcements must be simple yet elegant, it is not advisable for this kind of party to serve heavy foods, like main courses in a buffet style theme. Another good thing about this kind of set-up is that it costs less, and you will be able to buy something for your guests like souvenirs for them to remember the event. Photos birth announcement cards will be great or handmade crafts will also do a great job.

Considering your finances in order to host an event that spotlights the birth of your precious baby will prove to be a worthwhile endeavor. Fun-filled memories with your baby are a one-of-a-kind experience that will have a big impact in your lives as parents. From thinking for the party’s theme to the preparation of making a photo birth announcement card up to the actual event will sum up into a whole new adventure of fun and loving moments.

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About Author:

Mavis Hayes is a mom of two wonderful boys and a wife to her engineer husband. She is a working mom, currently a partner of, a company that hosts innovative and creative photo greeting cards like Holiday photo Christmas cards. Make your own Christmas photo cards at Mavis Hayes

Debt Collectors Have You Under Pressure? Consider Chapter 13 Bankruptcy

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byAlma Abell

Events occur in a person’s life that alters their ability to repay the debts they acquire. Whether there was a financial change in their life, or the person budgeted poorly. The event can make it difficult for them to manage the monthly payments to repay their debt and lead to constant calls from debt collectors trying to obtain their payment. If the debt is not repaid this can lead to wage garnishments, repossession of property, or foreclosure on their home. With Chapter 13 bankruptcy in Norman, OK you can reconstruct your payment options to repay creditors without losing your property and the continuous harassment of debt collectors.

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy allows the individual with a steady income to create a plan that will allow them to repay or part of their debts. An attorney can help establish a repayment plan that allows their client to reimburse creditors over a 3 to 5-year period. This allows creditors to receive their payment and ends the constant calls from collection agencies. The individual can keep their possessions and prevent foreclosure with a more affordable payment plan that fits their income.

Regain Control of Your Finances Today by Consulting an Attorney

It is never easy for anyone when they are unable to repay their debts, however, life situations do happen and a solution is available when they occur. With over 25 years of experience, Joe B. Lawter Law Firm can help you find the right answer to your financial troubles. They can assist in preventing debt collectors from harassing you and help you reconstruct your finances to eliminate the stress that comes with financial problems. Consult with their legal team today to learn how they can help take back control of your finances and still retain the property you have accumulated over the years.

3d And 4d Ultrasound Learning How It Works

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By Nichole Clark

If you are considering a 3d and 4d ultrasound, then you should take the time to learn a little bit more about how the procedure works. While there are many other methods of capturing images of an unborn baby, three dimensional ultrasounds are becoming more and more popular. Typically, ultrasound is done by sending sound waves through the body in order to capture pictures. This is much how both two and three dimensional ultrasounds work; however there are some differences when it comes to how the images are formed. They both use the same concepts.

If you think about two dimensional ultrasounds, then you will realize that they are captured on a single plain. Normally the sound waves are sent in from one direction, usually straight down, and then they reflect back in order to make the image of the unborn baby, or fetus. 3d and 4d ultrasound is done in much the same manner, except instead of the waves being sent straight down, they are sent in from a lot of different angles around the fetus. These different angles allow for a three dimensional still photo of the unborn baby. Four dimensional videos can be made from these three dimensional ultrasounds as well. This allows you to see your baby in real time and actually be able to see particular movements that they make as they are happening.


Now that you are familiar with the how the pictures are formed, you will probably want to know a little bit more about how the procedure will be for you. First of all, you should find out if your obstetrician does the procedure or not. If they offer this service, then you can likely just schedule it to be done in the comforts of their office in which you are familiar with. If they do not offer this type of ultrasound, then you will need to go to a provider that specializes in this. There are many to choose from. Making sure that you are comfortable when you go will help you to have a more enjoyable experience.

Once you are in the office, you will get comfortable on the ultrasound table. This process is much like a regular two dimensional ultrasound. Physically, the equipment will look the same as the equipment that is used for the traditional ultrasounds. You should ensure that the provider that is doing the procedure is accredited to ensure that you are always in safe hands when it comes to having a sonogram.

Taking the time to become familiar with how the procedure works will help you to be better prepared when you go to have it done. If you are considering a 3d and 4d ultrasound as an option for you while you are pregnant, then you should know what you will get from it. It is a great idea if you are looking for another way to build more of a bond with your unborn baby. This is a great bonding method for fathers as well.

About the Author: At Adorable Baby 3D/4D Ultrasound, you are able to “meet” your unborn baby! We use brand new 3D and 4D ultrasound technology so that you can actually see your baby in live 4D motion while in your womb.To book an appointment call 925-522-5700


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Considering Financial Management}

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Considering Financial Management


Clint JhonsonFinancial management encompasses all of financial accounting, and it further deals with the role and requirement of finance in the future of the firm. Thus besides bookkeeping and taxation, financial management concerns itself with making effective financial decisions in the present, which may make the firm more profitable in the future.

Subjects covered under financial management

Principles and practices of financial managementEvaluation of financial performance using ratiosFinancial planning and forecastingDeveloping financial projectionsCapital budgeting analysisBookkeepingPurchase ledger management, sales ledger managementManaging cash flowVAT administrationTaxationPAYE administrationManaging risksManaging capital structuresAnalyzing cost of capitalFinancial management during mergers and acquisitionsValuation of target companiesPost merger integrationAnti-takeover defensesCreating value such as economic value added and value based managementCost of intellectual capitalData warehousingStrategic planningCompetitive intelligenceActivity based costingFinancial modelingProcess improvementLeadership

Outsourcing financial management

Small, medium-sized and growing companies need to give more time to sales and execution of projects, rather than to managing financial administrative tasks like bookkeeping, maintaining purchase ledgers and sales ledgers, VAT administration, and PAYE administration. They need professional help in this field. Finance companies offer their services and help these businesses grow with their expert financial management and advice.

Financial management services

Many finance companies offer financial management services where they undertake to perform financial services such as:Sales invoicing and credit controlBookkeepingExpense claims administrationPurchase ledger management, sales ledger managementVAT administrationPAYE administrationManagement of accounts and reports

Benefits of outsourcing financial management to finance companies

1.More time to attend to the growth of the business by concentrating on generating new business.2.Record maintenance is computerized. This ensures you know how much you owe to your suppliers and how much you get from your customers at any given point in time.3.Many offer 24-hour Internet access to your key data and figures ensuring that you remain in total control.4.Professionals handle VAT and PAYE administration, filling out forms, and submitting them on time. Penalty for late submission is avoided.5.Chasing of clients for payment is undertaken in a systematic way by well-defined credit control exercises performed by experts.6.To ensure your business remains competitive, financial experts provide financial guidance.7.The cost is negligible compared to the benefits obtained.8.Other financial services like factoring, invoice discounting, stock finance, etc., can be availed from the same finance company with greater ease.Purchase ledger management


VAT administration

from Bibby Financial Services.

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Self Certification Mortgage Applications Rise

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By Michael Sterios

The attractiveness of self-certification mortgage products is boosting the overall number of home loan applications in the UK. For true self-cert products, the applicant does not need to fully prove their income by way of documentary evidence such as pay slips and tax records. Rather, applicants will make a declaration of income to the lender based on their past earnings and expected future income.

Self-certification mortgage products are growing in popularity as more people receive income in variable patterns and through non-standard forms such as bonuses and commissions. Originally self-cert home loans were designed for the self-employed. The changing composition of the workforces has, however, meant that many employees cannot fully prove their employment income as well.

Not having to fully prove income is believed by some analysts to increase the risk of over borrowing and therefore repossession. However, provided the applicant does not exaggerate their income on their mortgage application, they should only be approved to borrow the maximum amount they can afford to repay in accordance with the lenders’ criteria.


Additionally, lying about income on any home loan application is a criminal offense meaning there are severe consequences if a fraudster is caught by the authorities. These days more and more lenders are challenging applicants’ income declarations, reducing the likelihood of borrowing putting themselves at financial risk and catching criminals in the process.

Interest rates are usually higher on self-certification mortgage products than for standard mortgage products and loan-to-values can also be lower. This means the borrower will have to fund a larger deposit thereby increasing their initial investment in their own home. This is due to the fact that lenders believe self-cert applicants represent a higher risk to them than standard applicants.

This can act as an extra incentive for applicants to not lie about their income and over borrow on their mortgage. If the borrower has their own money at risk because of the larger deposit they were required to contribute they are more likely to not over borrow and increase the risk of repossession. If they are repossessed they will most likely not recover their deposit funds as the property will no doubt be sold at a discount by the lender at auction.

As the composition of the workforce shifts from more people becoming self-employed, self-certification mortgage products should continue to rise in popularity. It is estimated that a quarter of the UK’s population are already self-employed and therefore have trouble proving their income, and this figure is growing. Mortgage lenders have recognised this which is why self-cert home loan products are so widely available on today’s mortgage market. Demand for self-certs should continue into the future and as a result the products should become more competitive.

If you require a self-certification mortgage you should contact an independent mortgage adviser for expert, impartial advice. An independent broker will be able to advise you on the entire home loan market and can utilise software that can help pinpoint the right product to suit your personal situation. Mortgage brokers usually charge a fee, however the payback could be worth it.

About the Author: Speak to an independent

Mortgage Advisor

and get help with your

Self-Certification Mortgage

needs today


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