Mortgage bank asking for the client tax return

by Andrew Tall on 27.06.2011 12:40

My client is the director (not shareholder) of a company seeking to remortgage its property.  The client asked my firm to provide a reference of their income and assets to the bank.

To my surprise the IFA emailed back after we sent them the reference, demanding a copy of the client's tax returns for the last few years to 'prove the directors' income'.  Talking to a friendly IFA I was told that both NatWest and RBoS are apparently asking for copies of tax returns routinely.

Has anyone else come across requests for copy tax returns by banks in practice?