Just rang HMRC to be told that official policy no longer to fax SA302's for mortgage purposes (Had half an hour earlier about different client and and spoke to different person who has faxed the SA302). Was told that posted copy could take upto two weeks. Is this change of policy correct ? is there anyway around thisshot of writing in and asking for sa302 for the last three years for all clients.
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Usual
HMRC don't usually fax anything like that and we have always requested and received by post, alternative is to have it signed off my a qualified accountant.
I've had loads of them faxed over! You've probably just spoken to someone who was too lazy to get out of their chair and walk to the fax machine!
never faxed
I've never asked for the SA302s to be faxed and the client has still got the mortgage in time. There's an awful lot of false panic around mortgage applications. I hate them!
Should be no problems faxing
but you can sometimes get an unhelpful response. I once got through and was told the request needed their managers authorisation, which was not forthcoming. On my next call I got a different person and it was dealt with within 5 minutes. Its like most call centres, hang up and call back.
Never Faxed
I agree with Red Leader. Never asked HMRC to fax these and they are usually received within two weeks by the client.
Sorcery!
What is this 'fax' of which you speak?
Usually when someone doesn't use faxes it's because, like us, they ditched their machine/line some years ago. With HMRC maybe it's because they're still pining for the days of carrier pigeons.
Fax machines
What is this 'fax' of which you speak?
Usually when someone doesn't use faxes it's because, like us, they ditched their machine/line some years ago. With HMRC maybe it's because they're still pining for the days of carrier pigeons.
The wonderful world of fax (a 19th century invention believe it or not) still comes in useful sometimes, both sending and receiving.
I'm lucky enough still to have the use of my trusty Laserjet HP3055 (four in one) which the man at Cartridge World advised me to keep as you can wring out every drop of printer ink by shaking the cartridge, unlike modern versions where it's programmed to "run dry" after a certain number of copies.
Thankfully none of my clients keep pigeons!
In replace of a qualified accountant
The vast majority (nearly all in fact!) mortgage providers are no longer asking for confirmation via signing by a qualified accountant. That only happened for a few months when it was hard to get a mortgage. Its easier now (slightly!)
HMRC usually send by old fashioned post - I've asked for faxes when its been urgent but invariably they are sent by post.
Incidentially - a thought... arent HMRC missing out on a way to reduce their large costs? Why not charge for the time and postage for these forms? !!
SA 302
The vast majority (nearly all in fact!) mortgage providers are no longer asking for confirmation via signing by a qualified accountant. That only happened for a few months when it was hard to get a mortgage. Its easier now (slightly!)
HMRC usually send by old fashioned post - I've asked for faxes when its been urgent but invariably they are sent by post.
Incidentially - a thought... arent HMRC missing out on a way to reduce their large costs? Why not charge for the time and postage for these forms? !!
Please don't go giving them ideas !! ;)
Jusy received a request
from client for Nationwide.
He has 30 days to supply either accountants certificate or SA302
Never had a problem wih getting a fax
My experience with these is that if HMRC dealt with everything else the way they do with SA302's we'd be laughing. They always seem very happy to fax them and usually same day or latest the next, and direct to the client, or even the broker. Conveyance process is hard enough without 2 week delays due to getting this info and mortgage approved. That's plenty of time to lose a property so in my view time is of the essence here and 2 weeks is unacceptable.
Not sending faxes is a very new policy. I had some faxed fine in January but I was refused last week and told it's new policy.
SA 302
They will fax them if you say it is urgent (or just ask them). However they will strike through the UTR, so most lenders reject them. Far easier is to get the client to call and ask for them to be faxed. As most clients no longer have faxes and we luddites do get the client to quote your fax number. That way they arrive within 48 hours with the UTR intact. QED.
SA302
I thought most lenders now are happy with the HMRC Online Calculations as they show exactly the same thing. However, I'm sure there are many jobsworths who turn up their nose at them because SA302 is not printed at the bottom.
Faxed copy not acceptable by some mortgage lenders?
I had to request some SA302's before Christmas for a client. The Revenue officer asked if it was for a mortgage application which I confirmed it was. He advised that some lenders no longer accept faxed copies so as well as faxing them he mailed copies as well.
Some Lenders!!
"alternative is to have it signed off by a qualified accountant" - BUT...I am a qualified accountant, and I am now coming across lenders who say they don't want my letter, insisting on the SA302's, even though I have said that I can print them from my software and endorse with a covering letter. They insist on SA302's coming from HMRC!!
Phoned for one yesterday & received through by fax within 20 mins. I think it depends who you speak to.
this is of course not fair
So if I am self employed and earn 40k a year for 10 years, but then invest in a new van which I buy on finance, thus decreasing my taxable profit to 20k for one year only due to AIA.
But if I want to change my mortgage they will go off the 20k when in proper accounting terms I am earning far more.
Hold on, arent these the same people that were giving people on Jobseekers allowance 100% self cert mortgages for as much as they wanted?