Income, Verification - Main Income

Basic Income/ Contract Type	Preferred Verification Document	Alternative Verification Document
Basic Salary	Latest payslip 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.	Employers Reference
Overtime Commission/tips/gratuities/tronc payments	Latest 3 payslips if paid monthly, latest 6 payslips if paid weekly or fortnightly. Latest 4 payslips showing the quarterly overtime or commission are required if paid quarterly. Calculate total income received. Latest 2 payslips showing the half yearly overtime or commission are required if paid half yearly. Calculate total income received.	Employers Reference
Bonus	Calculate total income received: Latest 3 payslips if paid monthly, latest 6 payslips if paid weekly or fortnightly. Latest 4 payslips showing the quarterly bonuses are required if paid quarterly. Latest 2 payslips showing the half yearly bonuses are required if paid half yearly. Latest payslip showing the annual bonus is required if paid annually (must be within the last 12 months).	Employers Reference
Holiday Pay	Latest payslip with annual salary present (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 (including CIS Contractors where employer deducts full PAYE tax and National Insurance contributions)	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.	N/A
Employed in a Family Business If Less than 25% Invested interest (Treat as employed)	Latest payslip and corresponding bank statement.	N/A
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 Overviews.	Last 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 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.	Employers Reference
Ltd Company - Director/Shareholder - Wanting to use - Basic PAYE salary ONLY Equal to or greater than 25% shareholding (Treat as self employed)	Accountants Reference*	N/A
Ltd Company - Director/Shareholder - Wanting to use - Basic PAYE salary + dividends ONLY Irrespective of share holding (Treat as Self Employed)	Accountants Reference*	N/A
Self employed - Sole Trader	Latest 2 years Tax Calculations and Latest 2 years Tax Year Overviews	Accountants Reference
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 Overviews	Accountants Reference
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 Overviews	Accountants Reference
Maternity/Paternity/Adoption Leave	Latest payslip received when working	Employers Reference
Probationary Contract	Latest 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	Latest payslip & 12 months contract history (future contract if less than 3 months remaining)
CIS Contractors	Treat as self employed (unless employer deducts full PAYE tax and National Insurance contributions in which case treat as fixed term contractor)
Town, Area or car allowance. (excluding mileage). Including Large town, area allowance e.g. London weighting/cost of living supplement	Latest Payslip	Employers 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.
Zero hours contracts	Latest P60, the last 3 months payslips (6 if fortnightly, 12 if weekly) and 12 months contract history.	Employers Reference and Latest P60

*Business year figures used, not the tax year.

Affordability must also include future changes to income. Please refer to Future Changes , for more information.