Santander will now require additional evidence to support mortgages granted to self-employed borrowers and those running their own companies. 

Santander is asking for three months’ business bank statements for self-employed applicants looking to borrow more than 75 per cent LTV. The most recent statement must be no more than 30 days before the date of application.  Santander says is to  ensure the business is trading at the expected level and not showing signs of financial pressure. 

For limited company directors Santander will also require an accountant’s certificate to assess the performance of the business and income for all limited company director applications below 90 per cent LTV. 

These new requirements will apply to applications submitted from 8th November.