As a self-employed individual, getting a mortgage is a little more challenging and some lenders put additional, sometimes complicated criteria to pass.
As accountants we routinely help clients with their mortgage applications and gathering the relevant documents, and ensuring you are able to get the best rate and access to a fair mortgage amount. Typically what lenders will be looking for are net income and profitability figures, as they lend on a multiple of these. We can help pull together the evidence required, something we can do as a specialist service for taxi drivers.
When you're ready, just get in touch with your accountant and we'll take it from there. If you're not already a client and would like to be, you can either get in touch, or book in for a call to get started straight away.
If you are Self Employed you may be able to claim taxable grants up to 80% of your normal monthly profit, capped at £2,500 per month.
Each year every Taxi Driver needs to calculate their taxes and submit a Tax Return to HMRC by 31st January.