Improved Criteria For Self Employed

 

Minimum trading time – This has been reduced to 2 years minimum trading history
SA302’s - Now only require 2 years SA302’s and corresponding tax year overviews
Supporting business bank statements – Now only require the last 2 months statements plus the February bank statement.
Payment Holidays – Can now accept applications from borrowers who have exited payment holidays on certain plans.
Workers returning from furlough – Can accept applications from furloughed employees returning to work on their pre-furloughed hours and salary.
Reduced list of impacted industries for employed applicants.