Self employed proof of earnings on mortgage application

Libertine12

I have worked for the same company for 4yrs but have remained as a self employed consultant for tax purposes. Now I am looking to apply for a mortgage… what documentation will I be asked for? 

I can have my company provide me with remittance slips for the last few years. Will this be enough or will I have to provide tax returns? 

ACG

It would usually be Tax calculations and tax year overviews for the last 2 years. Most lenders would look to use an average. 

propertyhunter

From my experience, if you operate as a sole director through a limited company you will need the last 2 years of accounts if you want to use the dividends as your source of income. 

SensibleSarah

Yep, it'll depend whether you're a sole trader or limited company. Accounts if Ltd, year-end tax calculations SA302 if a sole trader. At least 2 years, some lenders might want 3. 

amnblog

As ACG says above, so hopefully you have been doing self assessment returns.

ACG

propertyhunter said:

From my experience, if you operate as a sole director through a limited company you will need the last 2 years of accounts if you want to use the dividends as your source of income. 

SensibleSarah said:

Yep, it'll depend whether you're a sole trader or limited company. Accounts if Ltd, year-end tax calculations SA302 if a sole trader. At least 2 years, some lenders might want 3. 

Self Assessments/SA302/Tax calculations (different names for the same thing), will show PAYE & Dividends. 
Very few lenders want accounts, I think you are more likely to be asked for an accountant to fill out a form than you are accounts. 

You are unlikely to be asked for accounts if a limited company - although you could be. 

Far more likely to be asked for self assessments.