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Do self cert mortgages cost more?

CERT COST mortgages self
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Do self cert mortgages cost more?

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Self cert mortgages can cost more as the lenders view the risk attached to this type of mortgage to be much higher than the risk attached to a standard mortgage. They may also incur higher costs when lending for self cert mortgages. The increased risk together with these extra costs associated with self cert mortgages is often reflected by higher interest rates.

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