Information sharing when applying for loans/mortgages

A couple of days ago, the below flew into my mailbox from HMRC;

Documents to support loan and mortgage applications- Update

In our last communication we told you about the work we have been doing with the Council of Mortgage Lenders to improve our online documents. In particular how we have improved the Tax Calculation (SA302) and Tax Year Overview so that Lenders can consider accepting them as evidence of income returned to HMRC for loan or mortgage purposes.

For guidance on this please see pages 11 & 12 of Agent Update 48

We also told you that the new process is still embedding with Lenders. Below is a list of lenders that have told HMRC they are now operating the new process (this list is provided on 3 September 2015):

 

Aldermore                             Bank of Ireland                                  Bank of Scotland

Barclays                                 Birmingham Midshires                           Britannia

Cheltenham & Gloucester  Cheshire Mortgage Corporation       Co-operative Bank

Coventry Building Society  Danske Bank                                  Ecology Building Society

GE Money Home Lending  Godiva Mortgages Ltd                Holmesdale Building Society

Halifax                                  Kensington Mortgages                          Lloyds Bank

Mortgages PLC                    National Westminster Bank          Nationwide Building Society

Nottingham Building Society           Platform                                      Post Office Ltd

Precise Mortgages               Royal Bank Of Scotland                  Saffron Building Society

Santander                            Scottish Building Society                      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 their clients or obtaining the necessary documentation your client’s behalf.

Kind Regards

Toni Clark

Head of Digital Agent Engagement

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