/ Accountant certificate for mortgage

Accountant certificate for mortgage (Guide +sample)

On this very brief blog post, we will cover accountant certificates when looking to get a mortgage.

Accountant certificate for a mortgage

When looking to certify your income as a self-employed borrower, most mortgage lenders will request an accountant certificate before the offer you a mortgage.

If the accountant does not possess the right qualifications then the accountant certificate for a mortgage may be rejected by the mortgage lender.

Below we have listed the different accounting bodies and the qualifications accepted.

Before getting an accountant certificate for a mortgage you should check with your mortgage broker or mortgage lender to be sure the accountant certificate will be accepted from a particular accountant before incurring any costs getting it.

Institute of Chartered Accountants in England & Wales -A.C.AF.C.A
Institute of Chartered Accountants of Scotland -C.A (Chartered Accountant) A.C.A.SF.C.A.S
Institute of Chartered Accountants in Ireland, also known as Chartered Accountants Ireland -C.A (Chartered Accountant)
Association of Chartered Certified Accountants Association of Authorised Public Accountants -A.C.C.AF.C.C.AA.A.P.AF.A.P.A

Association of Chartered Certified Accountants Association of Authorised Public Accountants -A.C.C.AF.C.C.AA.A.P.AF.A.P.A

Institute of Financial Accountants -A.F.A (Associate) F.F.A (Fellow)
Chartered Institute of Taxation -C.T.A (Fellow)F.T.I.I (Fellow)C.T.A A.T.I.I

Chartered Institute of Public Finance & Accountancy -C.P.F.A.

Chartered Institute of Management Accountants -A.C.M.AF.C.M.A

Certified Public Accountants Association -A.C.P.AF.C.P.A
Association of Accounting Technicians -M.A.A.TF.M.A.A.T
Association of International Accountants -A.A.I.AF.A.I.A [not FAIA (acad)]

A sample of an accountant certificate for a mortgage

Below is a sample of an accountant certificate for a mortgage. These are the questions your accountant will need to answer.

“To confirm income for all self-employed applicants
Please note Section A&F to be completed for all Clients.

Section A of the accountant certificate for mortgage

– as the Mortgage Applicant’s Accountant please clarify the following details – to be completed for all Clients.
Customer name (your Client): Name of Business: Nature of Business: Business Address: Has your client traded continuously for the last 12 months? Yes/No
Business Commencement/Incorporation Date (DD/MM/YYYY): / /

How long have you acted for your client? Clients NI: Tax Office and Reference Number:
Please note: We require information from the last two years’ trading accounts and will only accept income declared in the UK for tax purposes. If you cannot provide two years’ figures, please provide a reason.

Section B of the accountant certificate for mortgage

– for Sole Trading Self-Employed Applicants (please complete all boxes).

Dates of Financial Year Ends (DD/MM/YYYY)
Annual Turnover
(from Ordinary Trading Activities)

Gross Profit (Loss)

Net Profit (Loss)
Balance of Capital Account

Section C of the accountant certificate for mortgage

– for Self Employed Partners of Partnership Business (please complete all boxes).
Share of profits: %

Dates of Financial Year Ends (DD/MM/YYYY)
Annual Turnover
(from Ordinary Trading Activities)

Gross Profit (Loss)
Client’s Share of net deliverable profits (Loss)
Balance of Capital Account

Section D of the accountant certificate for mortgage

– for Self-employed Partners of LLP Partnership (please complete all boxes).
Member Stake: %

Dates of Financial Year Ends (DD/MM/YYYY)
Annual Turnover
(from Ordinary Trading Activities)
Gross Profit (Loss)
Profit (Loss) for the financial year available for discretionary division amongst its members

Client’s Share of Profit
Closing balance of Client’s Capital account as at Financial Year End

Section E of the accountant certificate for mortgage

– for Limited Company Directors (20% or more shareholding) (please complete all boxes).
Registered Number of Company:
% of Client’s Shareholding: %

Dates of Financial Year Ends (DD/MM/YYYY)
Annual Turnover (from Ordinary Trading Activities)
Gross Profit (Loss)
Profit (Loss) for the financial year after interest and tax
Total Shareholder’s Funds

Client Salary

Client Dividend

Total Client Remuneration

Section F of the accountant certificate for mortgage

– to be completed in all cases.
Have these figures been agreed with HMRC? Yes/No
Please give your opinion whether the business is financially sound, and state any qualification to the accounts or comment generally on any substantial variation in the figures provided:

I confirm that the above figures provide a true and accurate summary of my client’s income. I confirm that to the best of my knowledge there have been no adverse material changes to the business to date. (Please tick box)

Accountant details: Qualifications: Name: Company:

Signature: Date: / / “

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Accountant certificate for mortgage (Guide +sample)
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