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Remortgaging andSA302s - average or lowest

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Comments

  • Ah ok sorry didn't see that!

    May vary from lender to lender, but with Virgin it was...

    If profit is increasing then they average the two years.
    If profit is decreasing they take the most recent years.

    So as his income is increasing they'd take him as £25k a year on the average over two years but I'm sure different lenders will have different criteria you can usually get the lending policy criteria from your lender.
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