Self Employed: Latest years self employed figures for affordability

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially use the latest years figures exclusively (rather than an average) for affordability assessment. 

Policy Notes:

This is subject to underwriter discretion but we can consider working on the latest year's profit figures so long as the trend over the last three years is upwards. Substantial increases are less likely to be taken unless evidence supplied that this level of profit can be maintained.

Criteria categories:

• employment
• self employed applicants

Last updated:

29 August 2018