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Halifax - proof of income - self employed?
Emmazom
Posts: 52 Forumite
Hi, so we've finally found a house that we love and had an offer accepted this afternoon!
Now this is where I start getting myself in a panick, we weren't expecting to put an offer in on this house so aren't quite as prepared as we should be.
My main issue is with what I need to show Halifax. We're using an online broker, have AIP, and need to get started with the full application. Unfortunately I don't think I'll be able to get hold of my broker until Tuesday now and I don't want to spend the whole weekend panicking.
Me and my partner are both self employed sole traders, on the halifax website it states for proof of income they require; tax calculations and tax year overviews, which we have for both of us. It also requires 3 years full accounts, clearly showing net profit.
Now for my partner an accountant completed his tax return, and gave him a snazzy little book at the end of each tax year with a breakdown included.
My situation was simpler, so I submitted my self assessment forms myself, so have none of that, what can I show them that they would classify as full accounts? I'm not sure if I'm being a bit dim here or wether I need to get an accountant to compile me something sharpish.
Any advice? Or will the tax calculations and overviews suffice, obviously I will ask my broker asap but wondered if anyone else has been in this situation recently? Thanks
Now this is where I start getting myself in a panick, we weren't expecting to put an offer in on this house so aren't quite as prepared as we should be.
My main issue is with what I need to show Halifax. We're using an online broker, have AIP, and need to get started with the full application. Unfortunately I don't think I'll be able to get hold of my broker until Tuesday now and I don't want to spend the whole weekend panicking.
Me and my partner are both self employed sole traders, on the halifax website it states for proof of income they require; tax calculations and tax year overviews, which we have for both of us. It also requires 3 years full accounts, clearly showing net profit.
Now for my partner an accountant completed his tax return, and gave him a snazzy little book at the end of each tax year with a breakdown included.
My situation was simpler, so I submitted my self assessment forms myself, so have none of that, what can I show them that they would classify as full accounts? I'm not sure if I'm being a bit dim here or wether I need to get an accountant to compile me something sharpish.
Any advice? Or will the tax calculations and overviews suffice, obviously I will ask my broker asap but wondered if anyone else has been in this situation recently? Thanks
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Comments
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Hi,
Generally for sole traders, SA302s and Tax overviews would suffice. Most likely they will not ask for accounts. Accounts are required with limited companies.0 -
You need to request your SA302s ASAP from the tax office0
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You may be able to log in and get SA302s from HMRC's online portal.
I've received an offer from Halifax recently being sole applicant and self employed. Good luck!
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I have tax calculations, which I understand are sa302's printed offline, along with my tax year overviews again, printed offline0
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I have tax calculations, which I understand are sa302's printed offline, along with my tax year overviews again, printed offline
Correct...
https://www.gov.uk/sa302-tax-calculation:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0
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