Trusted Mortgage Advice | Neil Soundy Financial Services - WHY ARE LENDER ASKING FOR SA302’s ON MORTGAGE APPLICATIONS?


Once you have submitted your accounts HMRC retain on your file a brief summary of the income that you have declared and any tax paid. In the past HMRC automatically sent these out but they now have to be requested. The SA302 will be requested by most lenders for self employed and share holding company directors as evidence of income.

There are a number of lenders who now only require a 10% deposit and one year’s accounts to apply for a mortgage.

It is common now for lenders to request for a SA302 in addition to accounts even if submitted by an accountant as it provides an additional level of confirmation of your income. In reality it is another measure to stop mortgage fraud.

What you will need to request a SA302?

Full name

Full current address

Date of Birth

10 digit individual tax code (if possible)

National insurance number

Fax number where to send it too. (request a copy in the post as well)

Request last three tax years

State it is to obtain mortgage as it will usually speed up the process

Flask of tea and biscuits, as it can take some time to get through



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We are different.

We offer at least twice the choice of mortgages compared to a standard broker.

View the video on our homepage that explains how mortgage advice has changed.

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Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

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