We’re currently working on our BTL calculator in light of our recent criteria changes. We hope to have this back up and running soon but if you need any help in the meantime, please contact your BDM or the Helpdesk on 0330 123 1073.

Income 101: help for clients with complex or multiple income sources

Written by Jack Rayner

18 Jan 2022


Criteria update, Income

1 min read

You asked….we listened!

For self employed applicants (where applicable) we will now take either net profit after tax + salary, or salary + dividends, whichever is higher.

We will use the latest years figures* if the increase is less than 20% – if more we simply use an average of the last 2 years.

*If the ’21 tax return or accounts dated 30th Dec onwards are available.

New for income in 2022

  • We now take net profit after tax and salary for self-employed borrowers
  • Zero hour criteria now includes Bank nurses

More income top picks

  • Pension income at 100%
  • Rental income profit at 100%, investment income at 75%
  • Child benefit, maintenance payments and tax credits all at 100%

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