The business must:

• Be registered in the UK,
• Have been trading for at least 2 years, and
• Provide tax calculations dated within 18 months of application

We will take the latest net profit for the affordability assessment where the income is deemed to be sustainable. Where there have been large increases or decreases in the year on year profit/income, please provide us with full details. We may ask for additional documents to ensure income used is sustainable.

We may accept Sole trader income where the company has been trading for less than 2 years provided that; the majority of the income of the application is coming from employment or longer trading self employment and a minimum of 1 years self assessment can be provided.

Evidence requirements:

• Last 2 years’ SA302s and corresponding Tax Year Overviews to match the declared income
• Last 3 months’ bank statements (business, if not seen in their personal) showing income and consistent trading as per their declared income
• Last 3 months’ personal statements showing expenditure (if different accounts are used)