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admin@phaccountancy.co.uk
01227 277 667
PH NEWS

MORTGAGE REFERENCES AND FORM 302S

For those clients that have applied for mortgages in the past, the mortgage broker or lender would often ask for forms SA302s.

These are documents we can obtain directly from HM Revenue & Customs and prove evidence of your earnings for your lenders.

However, with effect from 4th September, HMRC will no longer provide paper forms as it has been agreed between the government and the council of mortgage lenders that they should be able to accept alternative commercial printed schedules.Although this agreement was made some time ago, mortgage lenders are still insisting on SA302s.

This should, in effect, speed up mortgage applications and we will be able to produce the tax computation directly from our software and also supply a tax overview from HM Revenue & Customs, however, we do envisage problems during this transition period.

If you have any questions, please do not hesitate to contact us at the office on 01227 277667.

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PH Accountancy

We are a young, dynamic and pro-active practice based in Kent who offer a friendly and professional service to our clients. Our client base is wide and varied ranging from a small one-man band to a large limited company and our business principle is the same in that each client, no matter what size their business has their own individual requirements.

Phone Number: 01227 277 667
Email: admin@phaccountancy.co.uk