Good news for our self employed customers.
- We now calculate income for self employed applicants by assessing their income based on the last 2 years financial data, instead of 3
- The requirement for limited companies is to provide 2 years accounts (showing 3 years figures)
- The requirement for non-limited businesses (sole traders or non-limited partnerships) is to provide 2 years accounts (showing 3 years figures) or the latest 3 years HMRC tax calculations with corresponding tax year overviews
- We will now use a 2 year average income unless the most recent year is lower, in which case the most recent income figure will be used
- Documents no longer need to be certified by the broker.
If you have any specific queries please call us on 0800 085 2846 or contact your local Relationship Manager.
