Sole Trader Accounts For Mortgage Purposes

mattgrange

Keeping in mind that I'm going to need my business accounts to apply for a mortgage sometime in the future, what form do the accounts need to take??

At the moment I just have the profit & loss and balance sheet produced with Sage by my bookkeeper.

Is this good enough? Do my accounts have to be varified by an accountant? What should I ask for?

Any other advice?

Thanks

GMS

Submit your accounts to Inland Revenue and request a SA302 form from them. This will show your figures.

You will need 3 years accounts to access most lenders.