Paying for an accountant’s certificate is often a standard part of the mortgage application process, especially for self-employed applicants or those with more complex income arrangements.
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​Here’s why it’s usually required:
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Verifying Your Income:
Lenders may ask for an accountant’s certificate to confirm your income. This helps them ensure everything is accurate and meets their affordability criteria.
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Professional Expertise:
Accountants charge for their time and expertise in preparing the certificate. It involves carefully reviewing your financial records and providing accurate, verified information to the lender.
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Building Trust with the Lender:
The certificate helps build trust between you and the lender by giving them an independent, professional validation of your income, which reduces their risk.
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Common Practice:
For self-employed applicants, it’s normal for lenders to ask for this kind of document, and the fee is typically a standard charge from the accountant for the service.