Update – loan and mortgage documents
In HMRC’s last communication readers heard about its work with Council of Mortgage Lenders which is intended to improve online documents.
In particular changes have been made to the tax calculation (SA302) and tax year overview so that lenders can consider accepting them as evidence of income returned to HMRC for loan/mortgage purposes. For guidance on this, see pages 11 & 12 of Agent Update 48.
The new process is still embedding with lenders. HMRC have now provided a list of lenders that have told HMRC they are now operating the new process. The list, as at 3 September 2015, is as follows:
Aldermore |
Bank of Ireland |
Bank of Scotland |
Barclays |
Birmingham Midshires |
Britannia |
Cheltenham & Gloucester |
Cheshire Mortgage Corporation |
Co-operative Bank |
Coventry BS |
Danske Bank |
Ecology BS |
GE Money Home Lending |
Godiva Mortgages Ltd |
Holmesdale BS |
Halifax |
Kensington Mortgages |
Lloyds Bank |
Mortgages PLC |
National Westminster Bank |
Nationwide BS |
Nottingham BS |
Platform |
Post Office Ltd |
Precise Mortgages |
Royal Bank Of Scotland |
Saffron BS |
Santander |
Scottish BS |
Scottish Widows |
TSB |
Wave Lending |
Woolwich |
Please note this list is not a statement of a lender’s lending policy. You should always refer to the lender for confirmation of its lending policy at the time. HMRC emphasises you should always check which documents the lender requires before advising clients or obtaining the necessary documentation your client’s behalf. |