Quiz
Financial Assessment Quiz
Test your knowledge on financial assessments related to employment and self-employment! This quiz is designed to help you understand the key requirements for assessing income and documentation.
- Check your understanding of acceptable documents.
- Learn about income verification processes.
- Understand the duration requirements for self-employment.
Can we accept Business bank statements if the applicant has personal statements
No
Yes
How many payslips do we require to assess commission
3 months
5 months
12 months but can accept 6 month min
Can we accept a P60 for employment income
Yes
No
How long does an applicant have to be a client with an accountant for
5 months
6 months
12 months
How do we verify payslips that lack credibility
Request contract
Request 3 months bank statements
Request a guarantor
How many payslips do we require to verify an employment reference.
3 months
6 months
12 months
How long does an applicant need to be self employment for.
12 months
6 months
3 months
How many bank statements do we require for self employment as a minimum
6 Months
3 Months
12 Months
Can we verify a reference through a mobile number found on a website
Yes
No
We can accept an average income from an employer or accountant
True
False
What do we require if an applicant is employed by their relative
Just an employment reference
Employer reference and 3 months payslips
3 months bank statements
What actions do we take if we are unable to obtain a landlord reference
Just keep chasing
Confirm with agent that we can accept 6 months statements and a AST
Ignore the landlord reference and continue with the reference
An applicants affordability is assessed at 2.5X the rental amount
True
False
How long does a DRO need to be satisfied for
2 Years
3 Years
5 Years
Anytime with a letter of satisfaction
How long does a Bankruptcy need to be satisfied for
2 Years
3 years
5 years
Anytime letter of Satisfaction
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