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Professional Mortgages for Accountants

A Mortgage Now » Professionals » Professional Mortgages for Accountants

Mortgages for Accountants

A Mortgage Now specialises in providing advice on professional mortgages for accountants, no matter whether you require funding for your own purposes or for clients, we can assist.

We handle residential mortgages, buy-to-let mortgages, and commercial lending.

Our team completes everything for professional mortgages for accountants online without meetings, without paperwork and without fuss.

Our professional mortgage for Accountants service includes:

  • an independent online mortgage advice service
  • whole of market access
  • exclusive products for professional applicants
  • no meetings
  • no paperwork
  • no fuss.

Whether you are an employed or self-employed accountant, we can assist with your own lending. We are particularly adept at assisting self-employed applicants, so if you have clients who have a limited trading history, or are taking minimal PAYE and dividend from their company, we are the source to secure their mortgage funding.

For more information please see our getting a self-employed mortgage page.

How do I prove my income as a Chartered Accountant?

If you are self-employed as a sole trader or within a partnership, your self-employed or partnership income will be on your tax calculation and that is what lenders will use to confirm your income. They will look for at least two years of tax calculations and the accompanying tax year overviews.

If you are running a limited company, then provided you only need your PAYE and dividends to cover the necessary mortgage the lender will once again work on tax calculations. If the limited company is retaining profit within the business, and you want the mortgage lender to consider both your PAYE and profit, that can be done, but you will need to produce full accounts for the business. There are lenders that will look favourably towards Accountants as Professional clients and be more flexible with underwriting and more likely to lend. Rates will generally not differ from the mainstream.

How much can I borrow as a Chartered Accountant?

Your borrowing capacity is based on your income. Payslips if you are employed, tax calculations if you are self-employed. The maximum you can borrow is based on a number of factors including the level of your deposit, mortgage term, other outgoings and dependents.

Do mortgage lenders check an Accountant’s qualifications?

Mortgage lenders will check on Accountants’ qualifications if they are providing references or other information on behalf of a mutual client. They do not need to check on an Accountant’s qualifications if the Accountant is applying for their own mortgage.

Can I get a mortgage as a Trainee Accountant?

Most Trainee Accountants will be on a salary of some kind and although they would not be eligible for a full Professionals mortgage they would be able to get the standard mortgage.