In short An SA302 is HMRC's summary of the income you declared and the tax due for a tax year; the tax year overview confirms that figure was actually filed and the tax accounted for. Most self-employed mortgage lenders want both, usually for two or … [Read more...] about SA302 Tax Year Overviews for a Mortgage: What Self-Employed Applicants Actually Need
Mortgages
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Mortgage Using Retained Profit: How Lenders Actually Assess It
In short A mortgage assessment can sometimes take account of company profit as well as salary and dividends. Lenders use different income approaches, so the relevant figure and evidence depend on the lender's current criteria and your … [Read more...] about Mortgage Using Retained Profit: How Lenders Actually Assess It
HMO Mortgages: How They Work and What Lenders Look For
What this article covers Right — if you're looking at a house, picturing it carved up into individual rooms with separate tenants, and wondering why your usual mortgage broker has gone quiet on you, here's the thing about HMO mortgages: they sit in … [Read more...] about HMO Mortgages: How They Work and What Lenders Look For
Portfolio Landlord Mortgages: How They Work and What Lenders Check
What this article covers Right — if you've quietly built up a handful of rentals and you're now finding that the mortgage that felt easy on property number two has become a paperwork marathon on property number five, here's the thing about portfolio … [Read more...] about Portfolio Landlord Mortgages: How They Work and What Lenders Check
First Time Landlord Mortgages: A Specialist Broker’s Guide
What this article covers Right — if you're buying your first rental property and you've just discovered that a buy-to-let mortgage is a completely different animal to your home loan, here's the thing: the lender isn't really lending against you the … [Read more...] about First Time Landlord Mortgages: A Specialist Broker’s Guide
Contractor Mortgage on Day Rate: How Lenders Read It
What this article covers Right — if you're contracting on a day rate and a high-street lender has already told you that you "don't earn enough," here's the thing you need to know before you give up: a lot of lenders are reading your income the wrong … [Read more...] about Contractor Mortgage on Day Rate: How Lenders Read It
CIS Subcontractor Mortgages: How Lenders Read Your Income
What this article covers Right — if you're paid under the Construction Industry Scheme and you've been told you "can't get a proper mortgage" or that you need three years of accounts before anyone will look at you, here's the thing: that's often not … [Read more...] about CIS Subcontractor Mortgages: How Lenders Read Your Income
Mortgage With One Year’s Accounts: Who Lends and How Your Figures Get Assessed
In short Yes — you can get a mortgage with one year's accounts. A smaller pool of specialist lenders will consider a single year of finalised figures, particularly where the trading is consistent, the business is established in its field, and the … [Read more...] about Mortgage With One Year’s Accounts: Who Lends and How Your Figures Get Assessed
Sole Trader Mortgages: How Lenders Really Assess You
What this article covers Right — if you're a sole trader and you've been putting off the mortgage conversation because you're worried your accounts won't stack up, here's the thing you need to hear first: the problem usually isn't your business. It's … [Read more...] about Sole Trader Mortgages: How Lenders Really Assess You
Spouse Visa Mortgages: How Lenders Assess You and What You’ll Need
Key takeaways A spouse visa does not bar you from a UK mortgage. It changes which lenders will consider you and on what terms. The amount of time left before your next visa renewal is frequently the single biggest factor — often more decisive than … [Read more...] about Spouse Visa Mortgages: How Lenders Assess You and What You’ll Need