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Student Finance Supporting an Application
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It is based on the profit. Be careful when calculating it remembering the new rules on mortgage repayments.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Given the new rules on mortgage interest and how it inflates income (but comes out in the wash if you are 20% tax payer) does anyone have any experience of whether SFE accept the net profit figure ie ex mortgage interest payments ? because it creates a variance between SFE application and HMRC tax return. It is going to impact university bursary ALOT if they take the gross figure and disregard the mortgage interest payments ( which is contrary to how tax credits calculate property income, who DO use the net figure). Anyone been through this and seen how SFE actually deal with this issue ? thanks
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