You work for yourself?

Every mortgage applicant needs to prove their income to satisfy the lenders requirements. This process can be more challenging if you are self-employed, as certain information will need to be obtained from HMRC or your accountant.Sole Traders and Partnerships

  • We will require a copy of your latest 2 years SA302’s from HMRC or your Personal Tax Computation. A Personal Tax computation is accepted by most mortgage lenders, it is a similar document to an SA302 but is prepared by your accountant. This is often quicker than waiting for HMRC to send SA302’s as they can take several weeks to post out
  • The lender will also require your Tax Year Overview document for the last 2 years. This can also be supplied by HMRC or your accountant.

Do you do your own self Assessment?

If you have an online HMRC account, you will be able to download the relevant documents yourself, please see instructions of how to do this below:

Printing your Tax Calculation (SA302) and tax year overviews

You can currently view and print up to 4 years Tax Calculations.

  1. Log in to your HMRC online account.
  2. Go to ‘Self Assessment’, then ‘More Self Assessment details’.

Limited Company Director/Shareholder above 20%

If you are a limited company director or a shareholder in a company holding a share above 20%, we will still require the same as Sole Traders and Partnerships

We will require a copy of your latest 2 years signed company accounts. This will allow us to explore lenders that use company net profits instead of the income declared on your personal returns, which may at times allow you to borrow more. It will also allow us to see if the business is running well to ensure the long-term affordability of the mortgage loan.[/vc_column_text][vc_column_text]Do you do your own self Assessment?

If you have an online HMRC account, you will be able to download the relevant documents yourself, please see instructions of how to do this below:

Printing your Tax Calculation (SA302)

You can currently view and print up to 4 years Tax Calculations.

  1. Log in to your online account.
  2. Follow the link ‘tax return options’.
  3. Choose the year from the drop down menu and click the ‘Go’ button.
  4. Select the ‘view return’ button.
  5. Follow the link ‘view calculation’ from the left hand navigation menu.
  6. Follow the link ‘view and print your calculation’ at the bottom of the page.
  7. Follow the link ‘print your full calculation’

Printing your Tax Year Overview

  1. Log in to your online account.
  2. Follow the link ‘view account’.
  3. Follow the link ‘tax years’ from the left hand navigation menu.
  4. Choose the year from the drop down menu and click the ‘Go’ button.
  5. Follow the link ‘print your Tax Year Overview’.

Limited Company Director/Shareholder above 20%

If you are a limited company director or a shareholder in a company holding a share above 20%, we will still require the same as Sole Traders and Partnerships

We will require a copy of your latest 2 years signed company accounts. This will allow us to explore lenders that use company net profits instead of the income declared on your personal returns, which may at times allow you to borrow more. It will also allow us to see if the business is running well to ensure the long-term affordability of the mortgage loan.