Our clients often ask us to certify their income to support a mortgage or loan application following a request from their lender.
Most lenders insist on HMRC produced SA302 tax calculations which have to be specifically requested and take a few weeks to arrive.
They won’t accept the tax calculations that we produce in support of the yearly tax return, on which the SA302 is based, or the information that we can print from your on-line account with HMRC.
HMRC have been working with the lending industry on this issue, which wastes time for all including HMRC. The good news is that a number of lenders have now signed up to an agreement to accept the tax calculations that we produce or that we can generate directly from your account with HMRC. This should make mortgage or loan applications much easier to progress.
We are aware that this change has not filtered down yet to the staff of all relevant lenders, but this can easily be remedied as HMRC have produced a list of those who have agreed.
For more information, please contact Lesley Sutton on 01484 550037 or email email@example.com.