For many years, mortgage companies have requested to have a form SA302 to provide proof of income to support a mortgage application. This form is issued by HMRC and simply confirms the income that has been declared on the individual’s Self-Assessment Tax Return. It is quite frustrating that lenders have insisted on this form as we could easily provide a copy of the Tax Return and supporting schedules to a potential lender directly from our system, without the delay of waiting for HMRC.

Over the last year, we have seen that some lenders now accept a print out of a Tax Calculation from our software together with a Tax Year Overview from HMRC online. However, recently I have still had several requests to obtain the form SA302.

HMRC have announced that from 4 September 2017 they will no longer issue a paper copy SA302 as many lenders have now agreed that they do not require them. I truly hope that this is the case, but I am concerned as to why I am still being asked to obtain the form SA302 from HMRC. Please click here to see a list of all the lenders that have agreed to accept an Accountants tax calculation together with a Tax Year Overview.

If you are self-employed or take a significant amount of your income as Dividends and are thinking about changing your mortgage, then I strongly recommend that you review this list and seek confirmation that the lender will not require a form SA302 to avoid any unforeseen delays in your mortgage application if this request is made after 4 September.

Sean Lambert Chapman

Posted by Sean Wiegand


The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.

Lambert Chapman Chartered Accountants

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

By submitting your details you agree to receive email marketing from Lambert Chapman and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

You have Successfully Subscribed!