Advice required

gobbyash

Hi

I'm looking at geting some additional borrowing with my existing mortgage provider. Have received an agreement in principle but as self employed, they have asked for audited or certified accounts.

Spoke to them to say I had neither as self-employed for 16 months.

They said my accountant could send an 'account in certificate' or an 'accounting certificate'.

What is this? Is there specific wording required? Does anyone have a template for this?

A prompt response would be appreciated as otherwise I will have to go with my mortgage broker, switch the whole mortgage and pay higher rates and charges.

gobbyash

AndrewSmith

Speak to your accountant, he/she will know exactly what the requirements for an Accountant's Certificate is for mortgage purposes. You will find that your lender will more than likely contact your accountant with a pre-formatted letter/form for them to complete to satisfy their requirements.

Is your accountant qualified or chartered? Some lenders will only accept and accountant's certificate from qualified or chartered accountants, as opposed to book-keepers. Having said that there are lenders that will accept a certificate from a registered book-keeper.

Andy