19 April 2017
Here are a few tips from Santander regarding your self employed applicants….
- Please make sure any outstanding tax liability on the Tax Year Overview is cleared
- For limited companies, check the profit on the accountant’s certificate and make sure the dividends figure isn’t higher than this
- If the income on the application differs from the evidence provided, please give an explanation via the Mortgage Application Tracking System (MATS)
- Where there are irregular trends on a self-employed applicant’s income evidence (even if it’s increasing), please provide an explanation via MATS
Please call your dedicated contact if you want to know more about the above.