Income, Verification - Main Income

Please be advised that if your applicant has been financially affected by Covid-19 different verification processes may be in place to those listed below. Please see our Covid-19 support page for further information.

Basic Income/ Contract TypePreferred Verification DocumentAlternative Verification Document
Basic SalaryLatest payslip, (this applies whether the applicant is paid weekly or monthly).*Employers Reference
Overtime    
Bonus    
Commission/tips/gratuities/tronc payments
Not currently accepted towards affordability calculation when assessing the maximum loan available to the applicant.Employers Reference
Holiday PayLatest payslip, (this applies whether the applicant is paid weekly or monthly), unless you are unable to determine the level of holiday pay due to other benefits i.e. overtime/shift allowance. In this case 3 months payslips would be required.Employers Reference
Fixed / Short / Temporary Contracts -  
If Company Paying Tax   (excluding CIS Contractors)
Latest payslip, (this applies whether the applicant is paid weekly or monthly) and evidence of at least 12 months contract history evidencing no gaps exceeding 6 weeks with at least 3 months remaining.  Where the contract shows less than 3 months remaining a future contract must be provided showing a minimum of 3 months future employment.Employers Reference
Employed in a Family Business
If Less than 25% Invested interest 
(Treat as employed)
Latest 3 months payslips (6 if paid weekly or fortnightly), and corresponding bank statements.  
Employed in a Family Business
Equal to or greater than 25% Invested interest 
(Treat as Self Employed)
Latest 2 years Tax Calculations and Latest 2 years Tax Year OverviewsLast 2 years finalised accounts signed off by accountant
Ltd Company - Director/Shareholder - 
receiving - 
Basic PAYE salary ONLY 
less than 25% shareholding 
(Treat as employed)
Latest payslip, (this applies whether the applicant is paid weekly or monthly).*Employers Reference
Ltd Company - Director/Shareholder
 Wanting to use - 
Basic PAYE salary ONLY 
Equal to or greater than 25% shareholding 
(Treat as self employed)
Latest 2 years Tax Calculations and Latest 2 years Tax Year OverviewsLast 2 years finalised accounts signed off by accountant
Ltd Company - Director/Shareholder -  
Wanting to use  
Basic PAYE salary + dividends ONLY 
Irrespective of share holding 
(Treat as Self Employed)
Accountants Reference
Last 2 years finalised accounts signed off by accountant
Ltd Company - Director/Shareholder -  
Wanting to use   -  
Basic PAYE salary + Net Profits ONLY 
irrespective of share holding 
(Treat as Self Employed) 
Note:   Net Profits cannot be used without referral to Underwriters
Last 2 years finalised accounts signed off by accountant
Accountants Reference
Self employed - Sole TraderLatest 2 years Tax Calculations and Latest 2 years Tax Year OverviewsAccountants Reference or last 2 years finalised accounts signed off by accountant
Self employed / Share holding of a Non Ltd Company (i.e. Partnership) 
Taxable Income
Latest 2 years Tax Calculations and Latest 2 years Tax Year OverviewsAccountants Reference or last 2 years finalised accounts signed off by accountant
Employed by/Partner of PLC or LLP -  
Irrespective of share holding  
Basic PAYE salary or drawings 
(Treat as Self Employed)
Latest 2 years Tax Calculations and Latest 2 years Tax Year OverviewsAccountants Reference or last 2 years finalised accounts signed off by accountant
Maternity/Paternity/Adoption LeaveLatest payslip received when workingEmployers Reference
Probationary ContractLatest payslip, (this applies whether the applicant is paid weekly or monthly).Employers Reference
Fixed / Short / Temporary Contracts -  
If Client Paying Tax
Treat as Self employed 
Fixed / Short / Temporary Contracts inc. Subcontractors & Agency Workers
12 months contract history (future contract if less than 3 months remaining) 
CIS ContractorsTreat as self employed 
Town, Area or car allowance. (excluding mileage). Including Large town, area allowance eg London weighting/cost of living supplement Latest PayslipEmployers reference
Day Rate Contractors

12 months contract history (future contract if less than 3 months remaining).

If on a rolling contract we require a letter from employer/agency confirming contract is still valid.

 

 

*Note: For applicants paid monthly or 4 weekly, the latest payslip must be dated within 6 weeks of the date of the full mortgage application. For customers paid weekly or fortnightly the payslip must be the latest or previous payslip, at the date of the full mortgage application.