You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
01384 295500 email@example.com
If you’re one of the UK’s nearly five million self-employed people, you may know how tricky it can be to get a mortgage. ‘All borrowers are jumping through more hoops than ever, but the self-employed will have to leap far higher,’ said a spokesperson at analyst, Moneyfacts.
Unlike employees with a steady salary stream, the self-employed can be faced with ups and downs in income - good years and bad years. There can also be problems providing evidence of income, especially if you have only recently started trading and haven’t accounts going back for two or three years.
You will need to ask your lender or mortgage provider what they will accept as evidence of income, but the good news is that there are increasing numbers of mortgage providers and lenders accepting a SA302 self assessment tax calculation printed from your HMRC online account, or a tax calculation printed from the tax return software we use, as your Agents. Also needed is a tax year overview from your online tax account.
You can find the list of lenders on the gov.uk site at https://goo.gl/W4ygRJ
The timely preparation of accounts and submission of tax returns will help any application and we are always pleased to be of service here.
Why not contact Wilkes Tranter & Co Limited today for more information or a FREE no obligation quote.
On 8 July, Chancellor Rishi Sunak announced a three-point plan to support jobs in the wake of the COVID-19 pandemic when he delivered a Summer Economic Update to Parliament.
Chancellor Rishi Sunak announced a temporary cut in the rate of Stamp Duty Land Tax (SDLT) in order to boost confidence in the flagging housing market in his Summer Economic Update.
As always, the wellbeing of our staff and clients remains our priority and is at the forefront of our mind when considering our response to the current coronavirus situation. At present our office remains open during normal working hours however we are discouraging face to face contact and are moving to telephone/ e-mail communication wherever possible in an effort to protect ourselves and our clients.
In the absence of face to face meetings, you can contact us as follows:
Please be assured that we will be continuing to offer the best service and advice during this difficult period.
We will continue to closely monitor government advice on the situation and act accordingly.