Employed applicants

No minimum term of employment is required.

If the applicant has confirmed that they will be starting a new job, receiving a pay rise or undertaking a new role with their current employer, the start date of the new job/promotion must be within 3 months of the date of the full mortgage application.

For new jobs and promotions, the start date of employment should be the date that the application is keyed.

In these instances, it is acceptable to provide the employment contract. This must be accompanied by the covering letter from the employer or the covering email, if the employment contract has been emailed. Where the employment contract cannot be provided we will seek an employer’s reference.

UK residents not paid in sterling

The use of foreign currency income is not acceptable. Any customers who require foreign currency income to be included in the affordability assessment should be declined.