Mortgage Lenders

As well as liaising with the Council of Mortgage Lenders (CML) we have written to over 70 lenders encouraging them to accept financial references from our members. We have included below details of the responses received from the top 10 lenders by volume as these are the lenders about which members most commonly contact us.

We understand that, irrespective of professional qualifications held, mortgage lenders have been asking for forms SA302 in addition to the financial statement. We have made the point to lenders that the SA302 will effectively repeat the information entered by our members on their clients’ returns.  In addition HMRC have agreed a new procedure with the CML whereby certain documents can be provided by taxpayers or their agents which should avoid the need to obtain forms SA302. Further details on this and the lenders who have signed up to the new procedure can be found below.

Downloads

171122 Financial References Guidancev2 FINAL

Financial References Guidance - as at 1 August 2023