Changes to our income policy

Assessment of self employed income.

With effect from 1 July 2011, the way we assess self employed income will change. We will assess self employed applicants' incomes by using the lower of:

  • the last 12 months income
  • the average of the last 2 years income


Please ensure you enter the lower income figure when submitting cases.

This change does not affect any pipeline cases where a credit score has been carried out before 1 July 2011. For paper exceptions, the application must reach the Service Centre by 5.00pm 30 June 2011 in order for the existing criteria to apply.

If you've got any queries about this change please call our sales support team on 0845 601 0763, or contact your BDM.