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These examples explain situations worth discussing. They are not records of actual clients, approvals, quotations or completed transactions. Any outcome would depend on an individual assessment.
A sole trader has seasonal income. Accounts and tax evidence should explain the business cycle.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
An applicant uses one account for several purposes. The income trail and business expenses need to be made clear.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A sole trader wants to buy before building a long record of accounts. Available evidence and suitable lender routes need checking.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A mortgage applicant wants to discuss sole trader mortgages. Two points need attention: tax calculations and year overviews; trading history. We look at the filed figures, the latest trading position and material one-off costs. The evidence and the decision need to be considered together rather than in isolation.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A mortgage applicant has started a conversation about sole trader mortgages, but the brief has changed. The review revisits two points: recent bank statements; any accountant explanation of exceptional costs. The next step is agreed using the updated facts, with any unresolved questions recorded.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
We look at the filed figures, the latest trading position and material one-off costs. A strong recent month may need context if the previous tax year was lower. Drawings from the business account do not by themselves prove the income a lender will accept.