Clydesdale Bank Makes Raft of Changes to Self-Employed Lending Policy

Clydesdale Bank makes raft of changes to self-employed lending policy

Clydesdale Bank has made changes to its self-employed lending policy, including gross income, LTI cap and minimum trading period.

Clydesdale Bank adjusts self-employed mortgage assessment criteria

Clydesdale Bank is set to implement a series of changes to its self-employed mortgage assessment policy, effective from Friday 18th July. The updates will impact how income is assessed for self-employed applicants and include adjustments to loan-to-income caps and other eligibility criteria. One of the most significant changes involves how gross income is calculated for limited company directors who own 25% or more of the business. Under the cur…