Self employed mortgage requirements

Kevb159

I am self employed and looking to purchase a property as a first time buyer

The proposed lender has requested information about my business shown below:

Net profit/loss before corporation tax
Net profit/loss after corporation tax and before dividends

Can anyone explain the calculation for this request?

middleclassbutpoor

Do you have accounts?

Presume that you are set up as a limited company for corporation tax to be paid so it should be in your accounts.

If you are a sole trader then you lender has mis understood your self-employment/business legal status

Kevb159

My accountant supplied the information requested but subtracted the dividends for each of the last 3 years for the Net profit after corporation but before dividends. I think this has cause confusion at the lender. I don't know if they are trained to understand how this works.