Self-employed self-certified accounts for mortgage

rhillgib

Hi guys,

Could anybody help me with this?

I am self-employed and am currently in the process of applying for a mortgage.

One of the things requsted from me is self-certified accounts (I did self-assessment last year).

What exactly is this? I have my Form 11, Chapter 4, and Statements from ROS. I also have requested a tax clearance certificate.

So, what document do I need for this self-certification? I've looked everywhere online, but nowhere seems to give any explanation of what it is.

Thank you in advance

duffysfarm

I would say the mortgage company is looking for an actual set of accounts for the application. I would be surprised if they are looking for a self certified set, usually they look for an accountant to prepare/certify the accounts . Do you have an accountnat? I would suggest contacting mortgage company and clarify what exactly they need before you do anything else. If they are anyway helpful they will tell you exactly what they need.

rhillgib

@duffysfarm

This is the checklist for self-employed

▪ 2 years certified/audited accounts signed by you & accountant

▪ Self certified accounts if no accountant with revenue balancing statement

▪ Revenue forms – Form 11 & Chapter 4 for last 2 years

▪ Tax clearance cert or letter from accountant confirming tax affairs up to date

▪ 6 month statements on all business account held

So, I do have an accountant who can certify my accounts up to 2019, but as I did a self-assessment last year, I presume they cannot do that as they don't have that information.

I did contact the bank, but with it being the weekend they aren't going to get back to me at Monday at the earliest, so I just thought I'd check to see if anyone on here had any idea.

Cheers anyway!

duffysfarm

It looks as if you dont need an accountant. Point no. 2 above says this but i would just confirm this with the bank. Yiu will still need to give them a set of accounts i.e. profit and loss and balance sheet

rhillgib

@duffysfarm So, does that mean just what I use for my own personal accounts? I'm just a sole-trader, so my accounts are essentially an excel sheet that lists all my invoices and amount invoiced. Is that enough? Thanks again!