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TV controversy brings surge of self-cert interest

Birmingham Midshires has seen an increase in self-cert enquiries after a recent BBC programme showed its brokers encouraging clients to falsify their incomes on applications.

Midshires, which has suspended self-cert from its branches, says the programme has made borrowers more aware that self-cert is an option.

The HBOS subsidiary is thought to be unlikely to return self-cert to its branches but will continue to offer it via intermediaries.

PR manager Matt Grayson says: “A sizeable number of people are likely to have watched the programme and therefore realised they are able to take out a mortgage with a mainstream lender.”

London & Country mortgage specialist David Hollingworth says: “I do not think this is people looking to abuse the system so much as people realising that self-certification is an option.”

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