Self Employed Mortgages

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

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

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

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