layout | title | schemas |
---|---|---|
property | income_assessment | loan |
income_assessment
Parameter to determine whether a single or joint income was used when assessing the loan.
single
The FCA defines single and joint income loans as follows:
Single income basis. This means only one person’s income was taken into account when making the lending assessment/decision. Joint income basis. This means that two or more persons’ incomes were used in the lending assessment/decision.
joint
(see above)
More on income assessment can be found in the FCA Handbook section on Responsible Lending