Have you had an increase in profits but are not ready to complete your tax returns, and looking to buy a property?
It’s a common scenario: businesses picking up profits year after year but not ready to complete their tax returns until May the following year. But with most banks requesting latest tax returns from January (some later than this), it can be difficult for those wanting to borrow based on their increased profits when faced with this scenario.
Fortunately, there are several options available for low doc loans that fit this situation perfectly.
For those wanting to borrow to buy a property but whom are not ready to complete their tax returns and hand over a years build up of tax, we have options through several lenders whom will consider alternative forms of documentation to ensure that your increased profits are properly recognised.
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