Mortgage application

Mark2788

I have a 2 hour mortgage application phone call tomorrow, im self employed (partnership) I have printed off my sa302s and will take my accounts as well but do they check all through the accounts or is it mainly sa302s they want to see?
Thanks in advance

Mortgage_Moog

I'm self employed and just went through this the other day. Firstly, they may ask for original SA302's as they're not keen on printed ones, depending on who you're dealing with. I did read somewhere though that there was some kind of agreement between lenders and the mortgage council that they should except printed and faxed ones. I had mine sent through by HMRC in just 3 working days so I'd recommend jumping on the phone to them today just in case you need them. Expect a 20+ minute wait on the phone but they send them out for free.

Your accounts won't be looked at until a few days later when they go over everything in great detail. Whenever I offered my accounts at the meeting they just waved them away but they did want to keep them to look at later. I get a feeling they ring your accountant to ask certain things but so long as everything is in order there's nothing to worry about.

amnblog

Two hours phone call. Sounds like fun!


What they will want depends on:


the Lender
how much you want to borrow
how long you have been trading
how those trading figures have been
your occupation
the nature of your partnership


You may need:


3 years SA302s
3 year tax year overviews
3 years trading accounts
A projection for current year


Your needs will be best served by a broker