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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Employed applicants

No minimum term of employment is required.

​New job, promotion or payrise

If the applicant has confirmed 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 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.

Income from second job

In cases where the applicant has more than one job, income can be used towards affordability if it is evidenced as sustainable.

Please see Main Income and Other Income for more information. 

Employed income can be used for affordability up until the max age of 70 or the anticipated retirement age (whichever is lower).  Please see Lending into retirement if the applicant is applying for a mortgage term which extends past their anticipated retirement age.

UK residents not paid in sterling

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

 

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.