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8 November 2017, HSBC for Intermediaries

Making it easier for you to do business

Enhanced Policy Changes

We have introduced a number of exciting changes to our lending policy to help improve our service to you and your clients.

With immediate effect, the following changes to the way we assess income and expenditure are now in place:

Employed

  • Basic salary can now be evidenced by the latest one month’s payslip for all customers

Self Employed

  • The requirement for the last three month’s business bank statements or business trading information has been removed
  • Self-Assessment Tax Returns are no longer required for Sole traders and Partnerships. SA302s and Tax Year Overviews will now be requested
  • Limited Liability Partnerships (LLP) with 200 or more partners can now evidence income by providing a letter from their employer - all other LLPs must provide evidence in line with the enhanced policy for Sole Traders and Partnerships

Committed Expenditure

  • Credit commitments can now be verified by the latest month’s personal bank statement

This website is for the use of FCA authorised mortgage intermediaries only.

If you reproduce any information contained in this website, to be used with or advise clients, you must ensure it follows the FCA's advising and selling standards.

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