Lenders will have different requirements to assess your income. Some require three years' worth of trading figures others accept two years and some, one year. The more documentation that you can give us, the wider choice of mortgages we can consider for you.
Lenders normally require are the Tax Calculation (also known as the SA302) and Tax Year Overview for the relevant years.
The Tax Calculation is a summary of the income that has been reported to HMRC and any tax due for that year, the Tax Year Overview verifies that the SA302 information is correct and shows what tax (or refund) is outstanding.
The quickest and easiest way to obtain a Tax Calculation (SA302) is to print a copy. You can do this from either: • HMRC Self Assessment online account • OR the commercial software that was used to submit the return.
Please note: Tax Calculations (SA302) will only be available to print 72 hours after the submission of an annual tax return. You can currently view and print up to 4 years of Tax Calculations (SA302) from a HMRC online account.
Please note: Tax Year Overviews will only be available to print 72 hours after the submission of an annual tax return.
Ask your accountant for the set of accounts they have provided. Lenders may want to know if they are a Chartered or Certified accountant.