What types of accounts for mortgages?

[chuddy]

When I apply for a mortgage, will the bank need my accounts to be audited my a chartered accountant?

[malvolio]

No.

If you're a member (and if not, why not... ) take a look here:

http://www.pcg.org.uk/cms/index.php?...386&Itemid=533

[boredsenseless]

No.

If you're a member (and if not, why not... ) take a look here:

http://www.pcg.org.uk/cms/index.php?...386&Itemid=533

malvolio you may have been too quick there, the bank they choose may need the accounts auditted but as you rightly said there are others that don't.

[malvolio]

OK, fair point. Any bank will want to see proof you can cover the payments. If you pay yourself a "real" salary (and let's not argue that point!) you will have payslips to show them. Otherwise they will want to see n years accounts (usually 2) which won't mean anything if they haven't been audited.

So I suppose the actual answer should have been "Yes".... bugger.

[boredsenseless]

OK, fair point. Any bank will want to see proof you can cover the payments. If you pay yourself a "real" salary (and let's not argue that point!) you will have payslips to show them. Otherwise they will want to see n years accounts (usually 2) which won't mean anything if they haven't been audited.

So I suppose the actual answer should have been "Yes".... bugger.

Woo Hoo - malvolio got something wrong, total correct answers score now

Mal 1000 rest of board 1, bot a bad score over 2 years