Documents required

Yorkshire Building Society credit scores all applications. In all cases we will need to obtain the following:

• An application form and direct debit mandate, completed and signed.
• If the loan is (employed applicants only):
  • more than 75% of your property (LTV), your P60 and 2 from the previous 5 payslips, or your latest payslip plus 2 of the previous 5 payslips.
  • less than 75% of your property, one from your latest 2 payslips or your latest P60
• Valuation of your property
• Proof of identity and residence. We accept any of these documents.

If you are in permanent employment you need to meet the following requirements:

• In current employment for three months or, if less, to have been in previous employment for at least nine months.
• Previous employment can consist of up to two jobs with breaks of up to four weeks between each.

Salaried directors

In addition to the above, where you are employed as a salaried director and have a shareholding of 25% or more, we will also need to see the last three years' limited company accounts or two years plus projection if the business has been in existence for less than three years.

Non-Salaried directors

Irrespective of percentage shareholding the last three years company accounts or two years plus projection if the business has been in existence for less than three years.

Self-employed

For Accountants on our recognised qualifications list (see below):

Loans up to £250,000 where LTV is 95% or less:
A letter from a recognised accountant confirming finalised turnover, net profit and the applicants share of the net profit for the last three years or two years together with a projection for the current year where the business has been in existence for less than three years.

Loans above £250,000:
1) Last three years accounts required
or
2) where business has been in existence for less than three years, two years accounts plus a projection for current year from accountant.

In all cases the net profit for the last trading year or, if lower, the average for the last 3 years will be taken into consideration.

For accountants not on the recognised list, the following supporting documentation is required:

• Latest SA302 (Tax Calculation Summary) or latest SA310 (Revenue Acknowledgement)
• Last 6 months business bank statements

List of recognised accountants

• Institute of Chartered Accountants (FCA/ACA)
• Association of Chartered Certified Accountants (ACCA/FCCA)
• Chartered Institute of Public Finance Accountants (CIPFA)
• Institute of Company Accountants (ASCA/FSCA)
• Association of Authorised Public Accountants (FAPA/AAPA)
• Association of International Accountants (AIA)
• Institute of Chartered Accountants in Scotland (FCAS/ACAS)
• Institute of Chartered Accountants in Ireland (ICAI)
• Chartered Institute of Management Accountants (CIMA)