2 min read
Blip or trend
A single soft year — a lost contract now replaced, a market wobble that passed — is very different from a steady multi-year turnover slide. Lenders read the direction of travel. If recent months show recovery, the dip is behind you.
Presenting a decline
Explain the cause plainly, show what has changed, and let recent statements evidence the bounce-back. Right-sizing the request to current, lower income also helps it pass affordability.
Applying
Show the recovery and a sensible amount, then apply online.
Frequently asked questions
Will a drop in turnover get me declined?
Not automatically. A one-off, explained dip with recovery underway is workable. A sustained downward trend is a real affordability concern.
How do I present a fall in income to a lender?
Explain the cause, show what has changed, and let recent statements evidence the recovery. Sizing the request to current income also strengthens the case.
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