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Spring is sprung!

8th Apr 2013
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And suddenly loads of clients are either moving house or remortgaging. I can't remember the last time I received a request from a lender for an accountant's reference, but this month we seem to have received almost one a day.

Not that I mind those, but letting agency references dive me nuts! Why do they bother to email reference requests by email asking you to email them back, when their back office systems clearly have no way of finding your reply? I reckon I have virtually a 100% failure record in getting these back to them. I always get a reminder and a phone call, and they can never find my reply. Or - like today - I get a call asking me how long the person whose rent my client is guaranteeing has been employed by us! Sorry, we don't employ either the tenant or the person named on the reference. Oh, sorry, let me see if I can find your reply ... long pause ... oh yes, we have it, thanks very much.

Thanks for wasting my time, I mutter, but only after I have put the phone down!

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Red Leader
By Red Leader
11th Apr 2013 10:55

mortgage references

I'd be interested to hear the Practitioner's approach to doing mortgage reference and where he draws the line, given the risk of liability. For example:

-profit figures based on draft accounts/tax returns?

-client's forecast?

Also, I'm sometimes asked to confirm that a client is (current tense) self employed. Given that in most cases, I have no week-to-week involvement with a client, I find this difficult. What do you do?

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