Can I use an accountant's letter for a home loan?
An accountant's letter usually supports an application rather than replacing tax returns or financial statements. Some lenders use one for low-doc loans or to confirm recent income, add-backs or business continuity; others will not rely on it. What lenders accept, and what the letter must state, varies by lender and changes.
This answer is awaiting review by James Chee CPA. Written by Local Knowledge Finance editorial team. Check the dated sources below and talk to a broker about your own situation.
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What lenders will want to see
- Lenders must take reasonable steps to verify your financial situation, which is why a letter is usually one part of the evidence rather than all of it. [ASIC]
- Clients of registered tax agents can have later lodgment due dates than people who lodge themselves, so recent figures may not yet be in a lodged return. [ATO]
Who this may suit
- Self-employed borrowers whose latest figures are not yet lodged
- Low-doc applicants whose lender asks for an accountant declaration
Who it may not suit
- Anyone hoping a letter can show more income than the records support
- Borrowers whose lodged returns already tell the full story
Your options, including not borrowing
- Apply full-doc using lodged returns and financial statements, with no letter.
- Use an accountant letter alongside BAS and bank statements for a low-doc loan, if a lender accepts it.
- Wait until the latest return is lodged, then apply. Not applying yet is a valid choice.
Risks to weigh
- A letter that overstates income creates serious problems for you and your accountant.
- If the lender will not accept the letter, the application can stall or be declined.
Next steps
- 1Ask the lender, or your broker, for the lender's current letter template before your accountant writes anything.
- 2Give your accountant the template and the figures it needs to confirm.
- 3Send the letter with your BAS, statements and lodged returns.
Common follow-up questions
Sources
- Responsible lending (ASIC, checked 8 November 2026)
- Tax agent lodgment program: due dates for individuals and trusts (ATO, checked 8 November 2026)
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General information about credit only. It is not tax, financial, superannuation or Centrelink advice and does not take your objectives, financial situation or needs into account. Lender policies change; any loan is subject to lender assessment and approval.
Tax help is a separate service provided by Local Knowledge Pty Ltd, Registered Tax Agent 77912009. Local Knowledge Finance does not give tax advice.
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