Financial Times FT.com

Self-certification mortgages

By Lucy Warwick-Ching

Published: January 16 2006 14:55 | Last updated: January 16 2006 14:55

The self-certification mortgage market is growing faster than mainstream mortgages due to the rising number of self-employed people struggling to meet traditional lending requirements. But as house prices soar, some people are being tempted to use self-cert mortgages to exaggerate their income in order to buy the property they want.

What are these mortgages and how do they work?

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