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Important – Council Tax Payments and impact on Affordability
To avoid potential delays in processing mortgage applications we require council tax figures to be input as accurate as possible as over/under estimating the amount will affect how much your client can borrow.
Please see below for some important information to assist you when entering council tax figures into our application systems including additional help with Scottish Council Tax calculations.
Critical – Accuracy is key so if your client is unsure, please do use these publicly available websites to obtain and input the correct amounts:-
Helpful information
- For residential purchase applications, the council tax figure is for the subject property, not where the customer lives today
- For residential remortgage applications, your client should have a council tax bill or confirmation of the current amount being paid shown on a monthly bank statement. When looking at a monthly figure, please remember to multiply by 10 and then divide by 12 and input this figure if they are on a 10 monthly instalment plan
- For all BTL applications, the council tax figure that should be used is the one for your clients current residence, not the subject property
Important- Successfully Inputting Scottish Council Tax payments
As a reminder, annual Scottish council tax bills will include a total annual payment figure that also includes the cost for water, typically shown as usage and wastage/sewerage. Please be advised we only require the monthly cost for the council tax element of the bill as our application system has a built in calculation with regards to average water utility and therefore the water usage and water wastage/sewerage costs should not be included.
The individual cost of the council tax is shown independently on the bill so please take this number, divide by 12, and then input this as the monthly figure.
Note – for Northern Ireland, please input the monthly domestic rates that are paid.