The Society has changed some of its income requirements for self-employed people.
Leeds will now accept the average of the last three years’ accounts figures or, due to the length of trading, the average of the two years’ figures.
A previous reference to the 10% variance in annual profits has been removed.
The Society has also reviewed guidelines about the sustainability of income from the business.
Martin Richardson, Leeds Building Society said:
“We keep our lending criteria under review to ensure they’re appropriate for us as a business but also that they work for borrowers.
“We are particularly keen to support borrowers in under-served markets, such as professional contractors and the self-employed.”
