sleepyholla
Registered User
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I met a mortgage advisor in the bank.
I had all requested documents with me included 2 years of accounts including an accountants report prepared by my accountant.
The meeting went very well. However the advisor then told me he would need audited accounts.
My accountant tells me that for this purpose there is no such thing as audited accounts for a sole-trader and that what I have, along with "revenue balancing statements is normally sufficient as proof of income. The mortgage advisor has responded to me saying "The Bank would normally require Audited accounts"
Is there a right answer to this? What should I do in this scenario? Put them in contact with each other?
I had all requested documents with me included 2 years of accounts including an accountants report prepared by my accountant.
The meeting went very well. However the advisor then told me he would need audited accounts.
My accountant tells me that for this purpose there is no such thing as audited accounts for a sole-trader and that what I have, along with "revenue balancing statements is normally sufficient as proof of income. The mortgage advisor has responded to me saying "The Bank would normally require Audited accounts"
Is there a right answer to this? What should I do in this scenario? Put them in contact with each other?