Mortgages
Partnerships
You are assessed on your share of the profit, not the whole firm unless you own all of it.
For a partnership or an LLP, the lender wants your share of net profit. We use the accounts and your tax return so the percentage applied is the one you actually own. If that share is not clear from the accounts, the partnership agreement is what settles it.
The same care applies as with a limited company: the figure is the profit share, not turnover, and not a colleague’s income. Where the latest year is stronger, some lenders will weight it. We only say that where the lender’s rules allow it.
There is no increase in the rate or lender fee because the income is from a partnership or LLP. Standard lender rates and fees apply.
From the personal tax return, what is usually required is the tax computation and the matching tax year overview, not the full tax return form. The FAQ’s page explains each document.