Useful Information

Your broker will send you a link to access the secure mail portal we use called Egress. This enables you to send us your documents securely.  

Simply follow the instructions on the email to enter your details to register, or log in if you already have an account. 

Click to View Message then Reply. 

Click Choose Files to search your for documents/photos.    

Click Send Secure when all documents/photos are attached.

If you complete a Self Assessment ie you are self employed or have income other than from PAYE employment, then we will require the latest two years tax calculations  (SA302) and Tax Year Overviews. We need these to prove that your income is sufficient to repay the mortgage loan.

To access and print these online you will need to be registered for HMRC online services – this is the fastest way to obtain these documents. If you are unable to do this, contact HMRC Self Assessment Helpline on 0300 200 3310 and they will send them to you.

To download these documents you will need to log in to your online account and go to ‘Self Assessment’ then ‘More Self Assessment details’. 

HM Revenue & Customs (HMRC) provides the information online. Alternatively, paper originals will continue to be acceptable if you do not have access to the internet.

These paper versions can be ordered by you (or your Accountant) by calling 0300 200
3310. 

STEP BY STEP TO OBTAIN SA302S (TAX CALCULATIONS) 

• Log into the HMRC online
  account (go to https://www.gov.uk/sa302-tax-calculation)
• Scroll down and Log In
• Select ‘Self Assessment’ (if
  you are only registered for Self Assessment then you will automatically be
  directed to this screen)
• Follow the link View and manage your Self Assessment tax return

• Follow the link ‘Get SA302 Tax
  Calculation for tax year 20xx to 20xx’
• Follow the link ‘Continue to
  your SA302’
• Scroll to the bottom of the page
• Click on ‘Print your full calculation’
  
  
• Print or save to PDF

STEP BY STEP TO DOWNLOADING YOUR TAX OVERVIEW

 An additional HMRC online document called a Tax Year Overview will be required to

verify that the SA302 information is correct, whether using online or paper-based SA302s.

The Tax Year Overview is produced by HMRC after the customer has submitted their self-assessment tax return. It shows the amount of tax due to be paid directly to HMRC or any available amount for a refund for a given tax year. 

• Log into the HMRC online
  account (go to https://www.gov.uk/sa302-tax-calculation)
• Scroll down and Log In
• Select ‘Self Assessment’ (if
  you are only registered for Self Assessment then you will automatically be
  directed to this screen)
• Follow the link ‘View Self
  Assessment return for tax year 20xx to 20xx’
• Select the appropriate tax year
  you require from the drop down box
• Click ‘Go’
• Scroll down and click on ‘Print
  your tax year overview’
• Print or save to PDF

To handle conveyancing, you will need a Licensed Conveyancer or Solicitor – both referred to from here as conveyance solicitor.
Product Switch/Product Transfer – you will not need a conveyance solicitor if you are staying with the same lender as no legal work is required in these cases.
Further advance from your existing lender – you will not need a conveyance solicitor to borrow additional funds with the same lender.
Remortgaging with a different lender – you will need a conveyance solicitor to remortgage because the title deeds will transfer from one lender to another.
A lot of lenders will offer a free legal package in their remortgage deals, using the lender’s own choice of solicitor or cashback so you can use that money towards the cost of a solicitor – we can recommend one for you from a panel.
The conveyancing process can take one to three months so leave plenty of time before your existing mortgage deal expires.
It is important that you tell the conveyance solicitor whether you have any early repayment charges so that they do not complete before the early repayment charge finishes.
Adding someone to or removing someone from the mortgage – this does require a conveyance solicitor as you are changing the ownership of the property and the deeds will need to be amended.
Purchasing a property for residential or rental purposes – this does require a conveyance solicitor and is where they will do the most involved work, including handling contracts, giving legal advice, carrying out local council searches, dealing with the Land Registry and transferring the funds to pay for the property.

When you apply for a mortgage, your lender will carry out a mortgage valuation or ‘valuation survey’ to check the property is worth what you’re planning to pay for it.

A mortgage lender may also want to carry out a valuation if you’re applying to remortgage, to check the property is worth what you’ve stated on the application.

Most lenders will conduct a basic valuation free of charge for their own purpose.

A mortgage valuation is for the benefit of the lender. Its scope is limited and it only provides information for your lender to understand whether the property will act as viable security for the loan you’ve asked for.

Traditionally, a surveyor would usually have visited your property to compile a short report. However, these days surveyors are increasingly opting to value properties using recent sales data online and, if required, driving past the property.

A mortgage valuation is not the same as a house survey and you should never rely on one to confirm whether the property is in good enough condition to buy.

Even if you pay for the mortgage valuation you might not ever see the valuation report or find out what the surveyor has told the lender.

We can recommend a surveyor from our panel if you would like a home buyer’s report or full structural survey for your own purposes.

After a mortgage valuation, the surveyor will give their opinion on the value of the property to your mortgage lender.

If the surveyor agrees with the sale or remortgaging price your lender is likely to offer you the loan you’ve requested.

But if the surveyor suggests the price is higher than the property is really worth you might get a ‘down valuation’, which could lead to the lender giving you a new mortgage offer. If you receive a down valuation on the property you want to buy, the first thing to do is try and renegotiate the sale price with the seller.

Your broker will
send you a list of the documents required for your mortgage application – here
are some tips on what to send to help get it right the first time and expedite
your application:

Passport – must have an
expiry date in the future, expired passports cannot be used as identification.
We need a scan of the double page spread with your photo and
signature.  

Driving licence – must be in correct name (ie married name, not
maiden name, if married and applying under married surname), must have an
expiry date in the future, must have your present address, you must send scan
of both front and back of photocard licences.

Proof of address – This must state your name and current address. Mobile phone bills
and credit card statements cannot be accepted.

The following documents are acceptable:

        
Valid UK photocard
driving licence (full or provisional).

        
Valid full UK
driving licence (old paper style).

The following documents issued within the last 12 months prior to application, confirming one of the following:

        
Confirmation of state or local authority funded benefit (e.g. housing benefit, child benefit, tax credit, pension, educational grants, and winter fuel bill).

        
Local authority
council tax demand letter or statement.

        
HMRC tax
notification (e.g. Notice of Coding/statement of earnings) (note P45s and P60s
are not acceptable as these are not HMRC documents).

        
Instruction from the
Court appointing an individual: Court of Protection or Grant of Probate.

        
Annual Mortgage
Statement, issued by a regulated financial sector firm in the UK.

        
Letter (on letter
headed paper) from a Nursing Home/Care Home confirming residency.

        
Other Government
issued document without a photograph (subject to MLRO approval).

The following documents issued within the last 3 months prior to application:

        
Statement or letter
from a Bank/Building Society/Credit Card/Mortgage/Life Insurance/ Investment
firm, indicating that a relationship exists, issued by a regulated financial
sector firm in the UK.

        
Utility bill (not a mobile phone bill).

        
Local Authority/Housing Association/Public Letting Agency tenancy agreement or letter.

·        
Solicitor’s letter confirming recent house/land purchase (letter must state the current and previous address).

Bank Statements – we will
require the latest three months bank statements for all active current
accounts, showing all income – these must include your name and address –
transactions lists and screen shots cannot be accepted. We will also need three
months bank statements for your business account if you are self-employed.

Payslips – if you are in PAYE employment we will require the latest
3 months payslips for monthly paid workers or the latest 13 payslips for weekly
paid workers, each showing your name and your employer’s name. If you are in
receipt of bonuses, we need payslips showing 2 years annual bonus.

P60 – the latest P60 will be required if you are in receipt of
commission or bonus.

Tax calculation/SA302 – for self employment or additional income
such as rental income, we will require the latest 2 years, the most recent year
must be within 18 months. These must be supported by the Tax Year Overviews for
the corresponding years. See how to download this in the dropdown above. 

Tax Year Overviews – for self employment or additional income such
as rental income, we will require the latest 2 years, the most recent year must
be within 18 months. These must be supported by the tax calculation for the
corresponding years. See how to download this in the dropdown above.

Business accounts – we will require the last 2 years full business
accounts, which must be signed. If you have been trading less than 2 years,
please send available documents.

Benefit income – if you are in receipt of benefit income, such as
child tax credit, working tax credit, disability living allowance we will
require the most recent awards letter in full ( all pages) – these must state
your name and current address.

Tenancy Agreement(s) – if you own properties that you are renting out then we will require the most recent agreement(s) in full (all pages). The agreement(s) must be signed and dated by all parties.

Proof of deposit – if you are purchasing a property we will require proof of deposit in the form of either:

   
bank/savings/investment account statement(s) dated within last 3 months (these must state your name and
current address evidencing a 3 month trail)

if the funds are coming from a third party then we will require a completed gifted deposit declaration from the donor – we will supply you with a template for signature

if the funds are coming from the sale of another property we will require a memorandum of sale for both the purchase and the sale and/or a letter signed by the solicitor confirming the transaction and/or the sales contract.

Mortgage statement – If you have an existing mortgage then we will require the most recent annual mortgage statement – if you have more than one mortgage, please send the latest annual statement for each of your mortgages

Credit report:

• Experian

(www.experian.co.uk)
If you are not already subscribed to their service, Experian do offer a 30 day FREE trial, but then charge £14.99 per month thereafter if you don’t cancel within your 30 day free trial. You may cancel anytime during your 30 day free
trial without charge

• Equifax

(www.equifax.co.uk)
If you are not already subscribed to their service, Equifax do offer a 30 day FREE trial, but then charge £14.95 per month thereafter if you don’t cancel within your 30 day free trial. You may cancel anytime during your 30 day free trial without charge.

A copy of an original document must have been independently certified prior to being sent. Copies of original documents can only be certified by a person resident in the UK and in current employment in a position of professional responsibility. 

Documents can be certified by one of the following:

• Legal professional (solicitor registered in England, Wales, Northern Ireland or Scotland, barrister registered in England, Wales, Northern Ireland or Scotland or notary public, Judge or Magistrate in England, Wales, Northern Ireland or Scotland).
• Qualified Accountant (registered with either ICAEW, ICAS, CAI, ACCA, CIPFA or CIMA).
• Public sector official (serving officer of the Armed Services, serving police officer, teacher incurrent employment).
• Medical Professional (doctor registered with the General Medical Council, dentist or Pharmacist registered with the relevant national professional body).
• Post Office official (person authorised under the Post Office Document Certification Service).
• Other (local government councillor, Member of Parliament, Bank or Building Society Manager or Minister of Religion).