Help with Mortgage Application?

Help with Mortgage Application?

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Evening,

I am the majority shareholder and Director of a small firm of accountants.  Over the course of the last 8 months or so, the business has grown rapidly.  I have begun the process of applying for a mortgage.  However, given that I am more than 50% shareholder, I need an accountant's certificate for the mortgage company.  Obviously we prepare our own year end accounts, so certifying our own figures is not going to help!  How could go about sourcing an external accountant to certify the accounts?

Thanks in advance.

Replies (8)

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By sarahg
12th Sep 2014 22:50

Tricky
I was able to certify my own for my mortgage

If they insist on it being a third party then your only option is to pay an external accountant. However, they will wan to check the backup for the figures before signing them off, so it could be quite expensive for you

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By LuKosro
13th Sep 2014 17:37

Hi. You could possibly find a bank or a building society which accepts SA302 Forms.

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By Carat
13th Sep 2014 17:47

Your alternate

Presumably you abide by the normal professional rule of having an alternate.  Would they not be suitable? And if not, why are they your alternate?

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By The Innkeeper
13th Sep 2014 22:59

Years ago
(Pre sa) Mrs innkeeper and I were moving. Former building society ( now part of a bank) that we all own asked me for audited accounts. I pointed out to them that firstly I did not legally need an audit and secondly why should I pay for something that I was able to do myself. I did have to go up the food chain to get them to see sense. I would be inclined to do the same now as presumably the jobs worth is merely box ticking. The sa 302 route seems a good suggestion but I think I would need that confirmed first. Are you using a broker ? A decent one should be able to help you through this.

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By andy.partridge
14th Sep 2014 11:01

Box ticking
I did my own. What's the problem?,

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By shell990shell
16th Sep 2014 22:56

Apparently the mortgage company can't accept my code of professional ethics that binds me to tell the whole truth, the only truth and nothing but the truth etc  I have checked and they won't accept me signing it myself. 

My alternate's indemnity insurance will not cover them unless they have prepared the figures themselves.

Land up with SA302's being the only acceptable evidence of income, which I have now rung HMRC for SIX times in two days (half an hour each time).  They say they will fax them ..... and then don't bother!

Rant over!

 

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By DMGbus
16th Sep 2014 23:09

SA302 forms by fax

When I 'phoned for an SA302 form for a client last week it arrived within 30 minutes.

Only one problem (as HMRC kindly did forewarn me about) for security reasons if sent by fax HMRC cross out the UTR "for security reasons" and consequently some lenders do no accept such SA302 forms.  Unfortunately my client's lender rejected the by fax SA302 for this very reason, so waiting for the one by post.

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By shell990shell
27th Sep 2014 09:43

Hi,

Thanks for your help.  SA302's now obtained :-)

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