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