Non-qualified accountant submitting accoubts for mortgage

looknohands

Hi I am in the process of setting up a company and thinking ahead for future mortgage application.

Can I use a non-chartered, part qualified accountant to certify my accounts for mortgage? A friend of mine is training and I would prefer him to do my accounts, he knows my business well, he's very experienced and I trust him but won't be fully qualified for a few years.

HMRC and CH are fine with non-chartered submitting my accounts, so surely a lender would be ok with it too?

ACG

Are you using accounts or self assessments?
If accounts then it needs to be someone suitably qualified, suitably qualified may vary a little but in the main its ACCA, ACA etc - chck with your lender of choice.

If you are using self assessments, you can file self assessments and it does not need an accountant.

Thrugelmir

looknohands wrote: »

Can I use a non-chartered, part qualified accountant to certify my accounts for mortgage?

To certify accounts one needs to be qualified to do so.

looknohands

Thanks,

It would be for a company accounts, I file my personal SA myself.
I was told by Companies House that accounts can be submitted by whoever and I would sign them off and become responsible for the accounts. It would be an audit exempt company so doesn't need an auditors report (which CH said needs to be signed off by chartered accountant)

But it sounds completely different for lending, you would need a chartered accountant?

I don't have a lender of choice currently, though my current mortgage is with Virgin.
It's more full-proofing for future whilst I set this company up.

amnblog

As it sits, provided you are taking sufficient income out, and not having to underwrite a mortgage based on profit in the accounts but not taken as PAYE or dividend, you don't need a qualified accountant.


The golden rule is, do what is right for your business, not your mortgage prospects. The mortgage world could change tomorrow.