We wanted to let you know that we’re making some changes to our loan-to-income policy on Thursday 4 March.
Our maximum loan-to-income will be reduced to 4.49x where either applicant is self-employed (sole trader/partnership/LLP/Ltd Co).
This does not affect day rate contractors meeting our contractor policy.
In addition to self-employed income, 100% of pension and allowable benefit income will be used in the loan-to-income calculation.
Applications submitted after 8pm on Wednesday 3 March will be assessed using our new policy. Customers already in the pipeline will not be affected by this change.
If you have any questions, just get in touch with your dedicated Business Development Manager, who’ll do everything they can to help.
The team at Clydesdale Bank
If you are not an intermediary of the Bank, you should not refer to the information contained in this website. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's mortgage conduct of business rules. This site is intended for UK residents (who are intermediaries of the Bank) unless otherwise stated.
Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
