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Accountants Letter For Mortgage Lender
"Need an Accountant's Letter For Mortgage Lender to verify my client's multiple income streams (both employment and rental income) for a Singapore property purchase, ensuring compliance with MAS guidelines and including a detailed three-year income analysis for January 2025 onwards."
1. Accountant Information: Professional credentials, firm details, registration number, and contact information of the issuing accountant
2. Client Identification: Full details of the mortgage applicant(s) including name, NRIC/FIN, and address
3. Purpose Statement: Clear statement that the letter is for mortgage lending purposes and identifying the intended lending institution
4. Income Verification: Detailed breakdown of verified income sources and amounts, including calculation methodology
5. Employment Status: Confirmation of employment status, tenure, and position held by the applicant
6. Professional Declaration: Statement of professional responsibility, compliance with relevant standards, and confirmation of information accuracy
1. Business Income Analysis: Detailed analysis of business performance and income for self-employed applicants or business owners
2. Multiple Income Sources: Analysis and verification of various income streams including rental, dividends, or other sources
3. Foreign Income Declaration: Verification and analysis of overseas income sources with currency conversion considerations
1. Income Computation Schedule: Detailed calculations showing the methodology used to determine average monthly income
2. Supporting Documents List: Index of all documents reviewed to verify income and employment status
3. Tax Assessment Summary: Summary of recent tax assessments reviewed for income verification
4. Business Performance Analysis Schedule: Financial metrics and trends analysis for self-employed applicants or business owners
Authors
Accounting Standards
Annual Income
Applicant
Average Monthly Income
Business Income
Certified Public Accountant
Employment Income
Financial Period
Financial Year
Fixed Income
Gross Annual Income
Income Documentation
Income Source
Institute of Singapore Chartered Accountants
Lender
Letter of Certification
Monthly CPF Contributions
Net Income
Professional Services
Property
Qualifying Income
Review Period
Self-Employed Income
Singapore Financial Reporting Standards
Supporting Documentation
Tax Assessment
Variable Income
Scope of Review
Income Verification
Period of Assessment
Basis of Calculations
Professional Standards Compliance
Documentation Review
Confidentiality
Limitation of Liability
Purpose of Letter
Professional Independence
Disclaimer
Regulatory Compliance
Document Reliance
Verification Methods
Data Protection
Professional Responsibility
Information Accuracy
Duration of Validity
Third Party Reliance
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