Packaging & criteria

Universal Credit

Universal Credit is accepted with the following restrictions:

  • The benefit must be for the customer
  • Housing allowance must be deducted
  • At least 50% of income required to support the loan must be from non-benefit income

Child Tax Credit should only be included where payments are guaranteed for the next 5 years from date of application.

Box

Packaging guidance:

  • 3 months’ Universal Credit statements
  • Latest month’s bank statement