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Accounting associations advise members to decline requests for accountant’s letters – MFAA

Posted on April 8, 2025

It is becoming more common for Financial Intuitions and Mortgage Brokers to ask for an Accountants Letter to supplement documents for a home loan.

You need to be aware of what an Accountant can sign before your Broker seeks this Avenue, it can cause great stress for both a client and the Accountant and can lead to delays in obtaining finance and in some cases finance clauses expiring due to time.  Banks Can not ask for these and not all lenders ask.  If your broker asks for this ask them for other options including other Banks or other verification methods.

 

Source: Accounting associations advise members to decline requests for accountant’s letters – MFAA

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