With no credit scoring and all cases manually underwritten, the Swansea BS offers a unique, personal and tailored approach to mortgage lending. For example, for self-employed customers, the Society will work closely with the customers' accountants and consider various sources when assessing income. Retained earnings and one-off items can be added back into the income figures where relevant, and other provable sources of income can be used to calculate the customers true income. The Society does not just look at net profit when assessing the customers income.
The Society’s mortgage product range has recently been reviewed, and new products launched aimed at those who are self-employed, / customers in a role requiring a professional qualification (up to 90% LTV),