Buy To Let Tax Return Warning

Published / Last Updated on 17/01/2018

Buy to let mortgage lenders are toughening their stance on self assessment and tax returns with direction from the Prudential Regulation Authority. If you cannot produce or refuse to produce your last self assessment tax return you may be declined on a buy to let mortgage application.

Related Videos

Mortgage Help 2024 after Help To Buy Scheme Ended March 2023

Mortgage Help 2024 after Help To Buy Scheme Ended March 2023

There has been speculation this week that the government may introduce a 1% Deposit Mortgage Scheme for First Time Buyers in the Spring Budget on 15 March 2024. See: BTN_NAVYBLUE:9632 This ...

2m22d

Mortgages

40 Year Mortgage Term v 25 Year Mortgage Term

40 Year Mortgage Term v 25 Year Mortgage Term

Given higher mortgage interest rates and high property prices, many people are struggling to get on the property ladder with mortgage affordability and many existing borrowers are struggling with ...

4m18d

Mortgages

Sickness or Redundancy and State Help on Mortgage Payments

Sickness or Redundancy and State Help on Mortgage Payments

Got a mortgage? Going through or expecting to go through the pain of higher mortgage interest rates shortly? What if you were in an accident? What if you are off ...

9m19d

Mortgages

10 Tips to Manage Mortgage Rate Increases

10 Tips to Manage Mortgage Rate Increases

The average 2-year fixed rate mortgage deal is now over 6% pa. Millions of mortgage payers are already struggling with payments and are worried about the 12 consecutive Bank ...

9m28d

Mortgages

Deposit Unlock New Build Scheme As Help to Buy Ends

Deposit Unlock New Build Scheme As Help to Buy Ends

The Help to Buy Scheme ends in England in March 2023 for purchase completions where latest applications had to be in by was October 2022. In Scotland the Help ...

> 1y2m

Mortgages

Pay Early Redemption Fees to Get Fixed Rate

Pay Early Redemption Fees to Get Fixed Rate

Mortgage lenders have reported an increase in numbers of borrowers who are prepared to pay early redemption charges to get out of existing mortgages to lock into new fixed ...

> 1y3m

Mortgages

Impact of Higher Mortgage Rates

Impact of Higher Mortgage Rates

The Bank of England Monetary Policy Committee announced today that base rates will increase by 0.50% to 1.75% pa on 4 August 2022. This is not to be ignored given ...

> 1y8m

Mortgages

50 Year Mortgage Cheaper or Huge Interest Payments?

50 Year Mortgage Cheaper or Huge Interest Payments?

The government is consulting on allowing mortgage terms of up to 50 years. This is common in several countries around the world and the UK is considering allowing them ...

> 1y8m

Mortgages

First Time Buyer Low Deposit Mortgage Insurance Scheme

First Time Buyer Low Deposit Mortgage Insurance Scheme

Michael Gove, Secretary of State for Levelling Up and Housing has proposed a new deposit insurance guarantee scheme to make first time buyers and other low deposit, high loan ...

> 1y10m

Mortgages

Fixed Mortgage Rates Record Low

Fixed Mortgage Rates Record Low

Over the last few weeks we have seen fixed rate mortgages hit record low rates and even falling below 1% pa at one point. Added to this is that ...

> 2y4m

Mortgages

Remortgage Free Legals v Cash Back

Remortgage Free Legals v Cash Back

Research by data analysts CACI has estimated that the UK remortgage market could be worth in excess of £180bn this year, meaning remortgage opportunities for lenders of £15bn to ...

> 2y4m

Mortgages

Tempted By Sub 1% Mortgage Rates?

Tempted By Sub 1% Mortgage Rates?

Given historically low interest rates, many banks and building societies over the last few weeks have launched 1% and sub 1% mortgage rate deals. On first glance they look ...

> 2y8m

Mortgages

How to Get on the Property Ladder

How to Get on the Property Ladder

Take a longer term mortgage over say 30 or 35 years. This will make initial mortgage payments more affordable and as you settle into your new mortgage you should ...

> 3y1m

Mortgages

Shared Ownership Step Ladder Just Got Easier

Shared Ownership Step Ladder Just Got Easier

New rules with effect from April 2021 for the Government’s Shared Ownership scheme make it easier for people to get on the property ladder. Rules Before April 2021 Minimum initial shared ...

> 3y7m

Mortgages

Government Explores Pension Early Access for House Deposit

Government Explores Pension Early Access for House Deposit

In a recent webinar, Pensions Minister Guy Opperman put a suggestion to the audience of finance professionals that the government is exploring ways for people to access their workplace ...

> 3y6m

Mortgages

Discount First Home Scheme Expansion

Discount First Home Scheme Expansion

First Home Discount Scheme - 30% discount of the price of a new homes for locals in an area - will go Nationwide. Available for Military veterans and key workers ...

> 4y2m

Mortgages

Refurbishment Buy to Let Mortgage

Refurbishment Buy to Let Mortgage

Have you ever watched ‘Homes under the Hammer’ or other property development, makeover or refurbishment shows? Ever fancied 'having a crack' yourself? Mortgage lenders are starting to become more innovative. ...

> 4y2m

Mortgages

Why Thousands Of Mortgages Are Being Rejected

Why Thousands Of Mortgages Are Being Rejected

Rental yields are again increasing faster than inflation as demand rises again for rental property. As an investor, are you tempted to dip a toe in? You should be ...

> 4y3m

Mortgages

Is This The End of Low Mortgage Interest Rates

Is This The End of Low Mortgage Interest Rates

The FCA is introducing the Single Easy Access Rate (SEAR) a standard minimum interest rate of savings similar to a Standard Variable Rate on mortgages. In addition, Banks and Building ...

> 4y3m

Mortgages

Is it Time to Remortgage as Fixed Rates Hit All Time Low

Is it Time to Remortgage as Fixed Rates Hit All Time Low

Figures released by Moneyfacts.co.uk November 2019 2 year fixed rate mortgages = average 2.4% pa - 12 mth low 10 year fixed rate mortgages = average 2.76% pa - All time ...

> 4y4m

Mortgages

Warning on Mortgage Procuration Fees Increase

Warning on Mortgage Procuration Fees Increase

Mortgage and Equity Release Procuration fees (mortgage commissions in all but another word) are on the increase. This is because the mortgage market has slowed down as the property market ...

> 4y5m

Mortgages

Help To Buy ISAs Stop In November 2019

Help To Buy ISAs Stop In November 2019

Help to Buy ISAs stop on 30 November 2019. There can be no new H2B ISAs after this date. Existing H2B ISAs taken out before this date can continue. You ...

> 5y

Mortgages

Mortgage In Old Age Pensioner With Mortgage

Mortgage In Old Age Pensioner With Mortgage

Having a mortgage in old age or being a pensioner with a mortgage is worrying for many, but even more so if you have an interest only mortgage and ...

> 5y

Mortgages

No Deal Brexit Interest Rate Rises

No Deal Brexit Interest Rate Rises

Will a no deal Brexit may weaken the pound, driving prices and inflation up and then present a real risk of interest rate rises? This will impact on both ...

> 5y4m

Mortgages

Part Interest Only Part Repayment Mortgage

Part Interest Only Part Repayment Mortgage

We explore concerns on interest only mortgages and where people more to part interest only and part repayment mortgage to try and repay. Is there another way to ensure ...

> 5y5m

Mortgages

New Voluntary Code To Help Mortgage Prisoners With Mortgage

New Voluntary Code To Help Mortgage Prisoners With Mortgage

Are you trapped in your mortgage by new lending rules meaning you are a 'mortgage prisoner'? There is a new voluntary code agreed by UK Finance, Building Societies Association ...

> 5y8m

Mortgages

Convert Interest Only Mortgage to Equity Release

Convert Interest Only Mortgage to Equity Release

Interest only mortgage options for those that are trapped and cannot pay back the capital outstanding. New lifetime mortgage equity release with no income prrof required and can pay ...

> 5y10m

Mortgages

Cryptocurrency Bitcoin Mortgage

Cryptocurrency Bitcoin Mortgage

What are the chances of and the pros and cons of a cryptocurrency or bitcoin mortgage?...

> 5y11m

Mortgages

Buy to Let Top Slicing Mortgage

Buy to Let Top Slicing Mortgage

What is a Buy to Let Top Slicing Mortgage? The Mortgage Market Review (MMR) introduced not just an affordability test for mortgages but also a stress affordability test to ...

> 5y11m

Mortgages

Non Owner Occupier Buy to Let Mortgage

Non Owner Occupier Buy to Let Mortgage

Do you live in rented accommodation and want to buy a separate buy to let property with a buy to let mortgage? We explore non owner occupier buy to ...

> 6y

Mortgages

Mortgage Lender Panel Solicitors

Mortgage Lender Panel Solicitors

You need to check if your solicitors are on the mortgage lender's panel when applying for your mortgage. Solicitors not only do work for you but also the mortgage ...

> 6y

Mortgages

Buy to Let Mortgage Interest Tax Changes Affect Rental Cover

Buy to Let Mortgage Interest Tax Changes Affect Rental Cover

What effect has the buy to let mortgage interest tax changes on expenses for tax payers affected rental cover buy to let mortgages? The amount of Income Tax relief some ...

> 6y1m

Mortgages

Help to Buy Mortgage Time Bomb

Help to Buy Mortgage Time Bomb

There is a time bomb brewing for Help to Buy mortgages. 1st 5 years = Interest Free Government Loan (20% deposit). After 5 years = 1.75%pa + RPI + ...

> 6y2m

Mortgages

Interest Only Mortgage Timebomb

Interest Only Mortgage Timebomb

The FCA suggests an interest only mortgage timebomb is building and asks both consumers and financial advisers to review mortgages positions and help people plan to pay off their mortgage....

> 6y2m

Mortgages

Refund Excess Stamp Duty Paid On Additional Property

Refund Excess Stamp Duty Paid On Additional Property

We take a look at anomalies on stamp duty and additional property purchase and getting a refund on excess stamp duty paid....

> 6y4m

Mortgages

Support for Mortgage Interest Loan

Support for Mortgage Interest Loan

We explore the changes for Support for Mortgage Interest Benefit changing to a Support for Mortgage Interest Loan. Do you face repossession? We all need ASU accident sickness and ...

> 6y6m

Mortgages

Interest Only Mortgage Cannot Get A Repayment Mortgage

Interest Only Mortgage Cannot Get A Repayment Mortgage

Are you in a interest only mortgage and have been refused a repayment mortgage or remortgage due to affordability? This video may help if you in an Interest Only ...

> 6y6m

Mortgages

Buy for University Student Mortgage

Buy for University Student Mortgage

By 4 Uni Mortgages. Explore Buy for University Student Mortgages and how they could get on the property ladder, become landlords, use rent a room relief and save on ...

> 6y8m

Mortgages

Portfolio Buy To Let Mortgage

Portfolio Buy To Let Mortgage

Video explores portfolio buy to let mortgages, whether you have or plan to have multiple buy to let property and want the convenience of one mortgage lender with the ...

> 6y10m

Mortgages

Buy to Let Rental Cover Ratio

Buy to Let Rental Cover Ratio

Some but to let lenders will lend based upon property value and rental potential. What is the buy to let rental cover ratio?...

> 6y10m

Mortgages

Change Mortgage During Application

Change Mortgage During Application

Can I change my mortgage or the mortgage rate I want during the application stage? We answer this simple question for you....

> 7y

Mortgages

Single to Joint Name Remortgage Stamp Duty

Single to Joint Name Remortgage Stamp Duty

We explore the unusual position on stamp duty payable when you remortgage a property from single to joint names as the reduction in the share of the debt for ...

> 7y1m

Mortgages

Mortgages for Pensioners

Mortgages for Pensioners

We explore the position for pensioners who want a mortgage. What are the limits? When must you pay off your mortgage? Is there age discrimination....

> 7y2m

Mortgages

Video explains the basics to Lifetime ISA (LISA), savings limits, age limits, the 25% bonus and when it stops as well as what happens when you cash in a ...

> 7y4m

Investment

Interest Rate Increase Warning

Interest Rate Increase Warning

10 year US Treasury Bond and UK Gilt yields are rising as confidence falls. Does this mean mortgage rates will rise without Bank of England or the Fed increasing ...

> 7y4m

Mortgages

Peer to Peer Lending

Peer to Peer Lending

Video explores peer to peer lending, whether you want to become and peer to peer investor, what compensation protection there is or if you want to take a peer ...

> 7y5m

Investment

Should I Postpone Buying Property

Should I Postpone Buying Property

Video explores the issues surrounding a slow down of the UK economy, whether property prices will fall and whether you should buy now, sell now or postpone buying property....

> 7y9m

Property

Pension Can Have A Mortgage to Buy Property

Pension Can Have A Mortgage to Buy Property

Video: Did you know your pension fund can have a mortgage in its own name to buy commercial property?...

> 8y

Property

Limited Company Buy To Let Mortgage

Limited Company Buy To Let Mortgage

Video explores the increasing demand for buy to let mortgages for limited companies....

> 8y1m

Business

Buy to Let Mortgage Interest Tax 2017 2020

Buy to Let Mortgage Interest Tax 2017 2020

Video - Is the buy to let mortgage dead for higher rate tax payers? We explain why, even if you have not made any profit, you could still face ...

> 8y1m

Mortgages

Furnished Let Tax Changes 2016

Furnished Let Tax Changes 2016

Video explores the withdrawal of 10% writing down allowance for funished let buy to let properties and investment properties in April 2016. What can you claim now?...

> 8y1m

Property

Should I Extend Lease Pros Cons

Should I Extend Lease Pros Cons

Video explores the costs and issues when you are looking to extend the lease on your leasehold property, is there an alternative view? Pros and Cons....

> 8y1m

Property

Property Location Affects Mortgage Eligibility

Property Location Affects Mortgage Eligibility

Video enforces location, location, location. Where your property is situated or what is nearby such as pubs, shops, launderettes or even farm land may affect whether you can get ...

> 8y4m

Mortgages

Effect of Stamp Duty on Buy to Let Mortgages

Effect of Stamp Duty on Buy to Let Mortgages

Video explores the impact of the 3% blanket increase in Stamp Duty on Buy to Let and 2nd home residential property....

> 8y4m

Mortgages

Can I Get A Mortgage With CCJ Debt Default

Can I Get A Mortgage With CCJ Debt Default

Video Advice on what to do to get a mortgage if you have a ccj, debts or have defaulted....

> 8y6m

Mortgages

Low Interest Rates Should I Remortgage

Low Interest Rates Should I Remortgage

Video explores the historically low interest rates that we have in 2015 and what you should think about regarding remortgage or moving to repayment mortgage before interest rates rise....

> 8y7m

Mortgages

Support for Mortgage Interest Benefit Changes

Support for Mortgage Interest Benefit Changes

Video explains how the benefit Support for Mortgage Interest payments when you are not working is reducing dramatically over the coming years and indeed then becomes a loan. It ...

> 8y7m

Mortgages

Compounding Money Effect

Compounding Money Effect

Video explores our concept of "Pay 9" - pay off your mortgage in 9 years, get the same pension in 9 years that you would get after 25 years ...

> 8y7m

Advice Tips

Summer Budget 2015 Buy to Let Expenses Relief

Summer Budget 2015 Buy to Let Expenses Relief

Video explains the changes in taxation when offsetting expenses against rental income received of buy to let and investment property....

> 8y9m

Politics & Economy

Buy to Let Mortgage Guidance

Buy to Let Mortgage Guidance

Video explores what the basic criteria is for a buy to let mortgage on a UK property for UK residents. Deposits, experience, rental cover, income, lender types....

> 8y9m

Mortgages

Budget 2015 Help to Buy ISA

Budget 2015 Help to Buy ISA

Chancellor launches a new Help to Buy ISA for first time buyers saving for a deposit with a £50 bonus fro every £200 saved. Can invest an initial £1000 ...

> 9y

Politics & Economy

HMRC Let Property Campaign

HMRC Let Property Campaign

Video and article warning looks at HMRC Let Property Campaign and an amnesty to pay taxes for income that you failed to disclose in previous years.Transcript: HMRC Let Property ...

> 9y1m

Mortgages

Autumn Statement Stamp Duty Changes Dec 14

Autumn Statement Stamp Duty Changes Dec 14

Video explains changes the stamp duty land tax with effect from 4 Dec 2014 in Chancellor George Osborne’s Autumn Statement....

> 9y4m

Politics & Economy

House Price Prediction 2015

House Price Prediction 2015

Video looks at what we predict will drive property prices in 2015 and for the next few years. Inflation, interest rates, demand, supply of houses, earnings and mortgage lending.Transcript:“Hello ...

> 9y4m

Property

Video explains what to do with your mortgage company if you move to a different town or overseas and wish to rent your property out. You will need consent ...

> 9y5m

Mortgages

What is Toxic Debt

What is Toxic Debt

Video explains what toxic debt is for a bank regarding mortgage property lending and business loans and the effect on capital adequacy of a bank and resulting bailouts...

> 9y8m

Mortgages

Footprints on Credit File History

Footprints on Credit File History

Video looks at the impact of light and heavy footprints on your credit file history...

> 9y8m

Mortgages

Low Credit Score Mortgage

Low Credit Score Mortgage

The mortgage market has changed dramatically with lenders under much more scrutiny to assess suitability and affordability of a mortgage - the video explores how a low credit score ...

> 9y10m

Mortgages

The Mortgage Market Review

The Mortgage Market Review

The Mortgage Market Review (MMR) has started, this new system means before securing a mortgage a review must be undertaken to see if you can afford the mortgage in ...

> 9y11m

Mortgages

Mortgage After Retirement

Mortgage After Retirement

We are required to make sure any mortgage we advise on is suitable and affordable.Most people who are retired are only living on pension income and so the risk ...

> 9y11m

Mortgages

High Rate Taxpayer Mortgage Strategy

High Rate Taxpayer Mortgage Strategy

Maximising your pension contributions and using the funds correctly when you reach 55 could allow you to pay off your mortgage or invest in a new buy to let ...

> 10y

Mortgages

Impact of Interest Rate Rises

Impact of Interest Rate Rises

We would suggest that you plan for interest rates rising on your mortgage so you know that you could afford it if you needed to pay more.Maybe try paying ...

> 10y

Tax Plan

Mortgage With Bad Credit

Mortgage With Bad Credit

Before seeking any mortgage advice, speak to a debt counsellor and make sure your debt is in check.Having outstanding debts can be a problem when seeking a mortgage.Always monitor ...

> 10y

Mortgages

Equity Release Lifetime Mortgage

Equity Release Lifetime Mortgage

A lifetime mortgage is where you release money from your home without making payments and as time goes on your debt increases.There are some very good regulated lifetime mortgage ...

> 10y3m

Equity Release

Equity Release Retirement Mortgage

Equity Release Retirement Mortgage

When taking this option it is similar to an interest only mortgage. You will be assessed to see if you can afford the payments for this mortgage.There are not ...

> 10y3m

Equity Release

Mortgage Payment Protection

Mortgage Payment Protection

Mortgage Accident, Sickness and Unemployment Insurance (ASU).If your employers do not have an insurance scheme to cover you if were off sick long term, then you could have little ...

> 10y4m

Mortgages

Mortgage Rate Planning

Mortgage Rate Planning

Start thinking about interest rate increases, which will affect your mortgage.The new way the Bank of England now sets its interest rate has been switched from inflation to unemployment.If ...

> 10y5m

Mortgages

Buy To Let Mortgage

Buy To Let Mortgage

Buy to Let mortgages are for those looking to gain a second investment property. For help with your Buy to Let mortgage application talk to us...

> 10y7m

Mortgages

How Much Can I Get For a Mortgage

How Much Can I Get For a Mortgage

Suitability and affordability tests carried out by a mortgage adviser and mortgage lender explained...

> 10y7m

Mortgages

Should I Fix My Mortgage

Should I Fix My Mortgage

Knowing your mortgage has added security can always help you rest easy.Speak to an adviser and see if a fixed mortgage is right for you....

> 10y7m

Mortgages

Let to Buy Scheme

Let to Buy Scheme

Using let to buy you could get the money needed for a deposit on your new home....

> 10y7m

Mortgages

Videos Channels

Our Financial Advice Fees Quotes and Shop

Money Tips Cost of Living & Covid

Cost of Living & Covid

Markets & Alerts

Markets & Alerts

Expat & Offshore

Expat & Offshore

At Retirement Options for Pensions

Options At Retirement

Pension Transfers

Pension Transfers

Green Inv ESG SRI

Green Inv ESG SRI

Law, Wills, Attorneys

Law, Wills, Attorneys

Politics and Economy

Politics & Economy