Self Employed Income: Directors Loan Payback
Our standard acceptability
Not Acceptable
Criteria definition:
Indicates if we can accept repayment of a directors loan as an acceptable source of income for affordability purposes. Often directors will first take back any money they introduced into the business as a directors loan before formally drawing a salary or taking dividends.
Policy Notes:
Family Building Society does not accept payback of a directors loan as an income that can be used in our affordability assessment.
Criteria categories:- income
- self employed income
Last updated:
29 August 2018