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Lending criteria

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Maintenance payments income

Where a customer is receiving maintenance payments, this income can be used within affordability assessment however the following must apply;

  • The customer has other income to support the lending.
  • Maximum 50% of the income to be used in the calculation.
  • The maintenance must have a minimum of 2 years remaining.
     
  Evidence Required

Informal agreement

  • The latest 3 months bank statements to show evidence of the maintenance income.


Formal agreement (optional alternative)

  • CSA agreement, court order, solicitors letter or consent order
  • The latest bank statement to show evidence of the income.