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We’re pleased to let you know we’ve simplified our packaging requirements for self-employed mortgage applications, designed to make the application process easier for both you and your customers
What’s changing?
- We will no longer request business bank statements or SA100s as part of the initial packaging, to speed up the process for you. This includes rental income.
- Bank statements will only be requested if our scoring indicates they are needed for personal accounts.
- For limited companies, just one year’s worth of accounts will be required, as this provides two years’ trading information.
What does this mean for you?
- A smoother, simpler application journey for your self-employed customers.
- Faster and more efficient processing, making it easier for you to assist your self-employed customers in achieving their property ambitions.
- It’s important that the documentation you provide is not to be dated more than 18 months before the date of application.
Next steps
If you have any questions, please contact us. For more information on our self-employed policy and processes, please visit our hub. Please visit our income and packaging hub for more information on packaging requirements.
If you'd like further guidance on our other policies, please visit our lending criteria page.