We have refreshed how we assess self‑employed applicants whilst maintaining a common‑sense approach.

We would strongly advise that all cases should be discussed prior to submission with your BDM to ensure they meet our requirements. Find your nearest BDM here.

Self‑employed highlights

Salary & Dividends are used as standard. An average of last 2 years where sustainability can be evidenced.

A proportion of profit after tax can be considered to supplement salary and dividends for well established businesses, if 100% owned by the applicants, where the ongoing sustainability of drawings can be evidenced.

Partnerships/Sole traders – We use a 2 year average of profit from self‑employment where sustainability can be evidenced.

All businesses must have been trading for a minimum 3 of years.

Additional Proof of income – We require 6 months business bank statements to evidence current trading levels. Please note, your application will not proceed until this information has been received.

For full details on the points above please call your BDM and refer to our Mortgage Lending Criteria Guide.