Income, Treatment - Main Income

Basic Income/Contract TypeAcceptable Income Y/NAmount to be Keyed
Basic SalaryY100%
OvertimeY100% (only 60% used for affordability)
BonusY100% (only 60% used for affordability)
CommissionY100% (only 60% used for affordability)
Holiday PayY100%
Fixed / Short / Temporary Contracts   -  If Company Paying TaxY100%
Fixed / Short / Temporary Contracts   -  If Client Paying TaxY100%
Employed in a Family Business   If Less than 25% Invested interest (Treat as employed)Y100%
Employed in a Family Business  Equal to or greater than 25% Invested interest (Treat as Self Employed)Y100%
Ltd Company - Director/Shareholder ­ Wanting to use ­  Basic PAYE salary ONLY  less than 25% shareholding (Treat as employed)Y100%
Ltd Company - Director/Shareholder - Wanting to use -  Basic PAYE salary ONLY   Equal to or greater than 25% shareholding (Treat as self employed)Y100%
Ltd Company - Director/Shareholder - Wanting to use   ­Basic PAYE salary + dividends ONLY   Irrespective of share holding (Treat as Self Employed)Y100%
Ltd Company - Director/Shareholder - Wanting to use   -Basic PAYE salary + Net Profits ONLY   irrespective of share holding (Treat as Self Employed)YNet profits cannot be used without referral to Underwriters
Self employed - Sole TraderY100%
Self employed / Share holding of a Non Ltd Company   (i.e. Partnership)  Taxable IncomeYKey Applicants proportion of shareholding
Employed by/Partner of PLC or LLP - Irrespective of share holding   Basic PAYE salary or drawings   (Treat as Self Employed)Y100%
Maternity PayY100%
Probationary ContractY100%
Seasonal ContractN0%
Piecework ContractN0%
TemporaryN0%