Q1: Can I use my accounts before my tax returns are finalised? Yes. Some lenders rely on finalised tax calculations (SA302s), but others will accept finalised sole trader accounts from your accountant. This flexibility allows barristers to present a more accurate income picture...
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As a self-employed barrister, your income can vary significantly, influenced by case timings, the nature of your work, and the accounting methods you employ. These fluctuations, while common in the profession, can pose unique challenges when it comes to major financial decisions like securing a...
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CASE STUDY Securing a mortgage as a barrister comes with its complexities. The perceived unconventional nature of your income can pose challenges. However, this shouldn’t deter you! Obtaining a competitive mortgage, even from a high street lender, is still possible. In this case,...
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CASE STUDY What is Income Protection? Income protection insurance is designed to cover the loss of income caused by illness or injury. It offers to cover part of the policyholder’s salary and provides additional support to get employed and self-employed individuals back to...
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For a Pupil Barrister, finding a mortgage isn’t always easy. We often find when clients come to us, that branch advisers or other brokers have advised that they are unable to lend, as they do not fit the standard bank’s “tick box” lending criteria. Many underwriters also have...
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