Lending criteria for salaried director income
Salaried director income
Salaried directors are treated for income purposes as employed applicants.
Evidence Required
Salaried directors with less than 25% shareholding
Treated for income purposes as employed applicants and the same evidence of income is needed as employed applicants.
Salaried directors with more or equal to 25% shareholding
Latest full month personal bank statement. We’ll also write to your client’s accountant for confirmation of income. If the accountant is not on our list of recognised accountants or your client doesn’t have an accountant, we’ll require the latest 2 years SA302s.