Halifax SA302 Icome

Jason_Bourne_2

Had a look at their criteria but can't find the answer and was wondering if anyone on here could answer based on experience?


I'm using salary + Dividends so I have provided SA302's.
2013-2014 SA302 is £14.5k more than the 2 years previous.


Do they take an average of x amount of years or if will they be happy with the most recent one if it's greater?


I've just completed my 2014-2015 return so probably 2 weeks away from getting this SA302 which is the same as 2013-2014.


I don't really want to hold things up and would love to pass on affordability without waiting on 2014-2015 SA302.


Thanks in advance

kingstreet

Average of latest two years.

If latest year is lower than year before, latest year alone is taken.

Jason_Bourne_2

kingstreet wrote: »

Average of latest two years.

If latest year is lower than year before, latest year alone is taken.

Thanks Kingstreet, Average of the last 2 years might be good enough for me and save me waiting on HMRC to process the latest one.


Many thanks.

Car1980

Average of latest two years.

If latest year is lower than year before, latest year alone is taken.

So if year one = £10k, and year 2 = 20k, the average is £15k.

So if year 3 was was £18k, you'd be better off getting a 2014/15 SA302?

kingstreet

The current average is £15,000.

If the latest year is lower than the year before, the lender will take the later year, instead of the average.

If your latest year is £18,000 and the year before £20,000 the average would have been £19,000 but as the latest year is lower, only £18,000 will be used.