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self-certify

Line breaks: self-certify
Pronunciation: /sɛlfˈsəːtɪfʌɪ
 
/

Definition of self-certify in English:

verb

[with object] British
1Attest or confirm (one’s financial standing) in a formal statement: if you wish to self-certify your earnings, you will have to supply accounts for the year
1.1 (as adjective self-certified) (Of a loan or mortgage) obtained as a result of attesting or confirming one’s financial standing in this way.
Example sentences
  • Its practice at that time was to advance a maximum of 80 per cent of the value of the security under a status mortgage, as against 65 per cent for a self-certified mortgage.
  • Around 56 per cent of the loans are to buy-to-let customers, with 38 per cent self-certified and the remainder standard mortgages.

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Word of the day orthoepy
Pronunciation: ôrˈTHōəpē
noun
the correct or accepted pronunciation of words