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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Income, Treatment - Other 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 Type Acceptable Income Y/N Amount to be Keyed Amount used for Affordability
Attendance Allowance Y 100% 60%
Additional Duty Hours (ADH)* See note Y 100% 60% where non-guaranteed 100% where guaranteed*
Adoption Allowance Y 100% 60%
Bursary Y 100% 60%
Carers Allowance Y 100% 60%
Constant Attendance Allowance Y 100% 60%
Child Benefit (0% if individual client earns more than £50,000) Y 100% 60%
Child Tax Credit Y 100% 60%
Disability living Allowance Y 100% 60%
Employment & Support Allowance Y 100% 60%
Flexible Benefit Y 100% 100%
Flight Pay/Allowance* See note Y 100% 60% where non-guaranteed 100% where guaranteed*
Foster Care Allowance (We will only use the amount used for tax purposes as income, therefore if the customer does not pay tax this income cannot be used.) Y 100% 60%
Guardian Allowance Y 100% 60%
Industrial Injuries Disablement Benefit Y 100% 60%
Maintenance (as other income) Y 100% 60%
Mortgage Subsidy Y 100% 60%
Nursing Bank* See note Y 100% 60% where non-guaranteed 100% where guaranteed*
Other (Includes Seasonal and Piecework) N 0% 0%
Personal Independence Payment Y 100% 60%
Pension - Credit Y 100% 100%
Pension - Private (including company/occupation) Y 100% 100%
Pension - State Y 100% 100%
Pension - War Disablement Y 100% 100%
Pension - War Widower Y 100% 100%
Savings/Investments/Trust Income N 0% 0%
Shift Allowance* See Note Y 100% 60% where non-guaranteed 100% where guaranteed*
Stipend Y 100% 60%
Widowed Parent Allowance (including Widow's Pension) Y 100% 60%
Working Tax Credits Y 100% 100%

 

*Please note: For additional duty hours, flight allowance, nursing bank or shift allowance we will average the last 3 months payslips (last 6 where paid fortnightly or last 12 where paid weekly).  Provided that each payment is within 10% of the average we will allow 100% of the income, otherwise we will allow 60%.

Example - Month 1 £95, Month 2 £100, Month 3 £105.  Total income £300, average £100pm.  As each payment is between £90 (10% below average) and £110 (10% above average) we can treat as guaranteed.  If one of the payments was below £90 or above £110 we would treat as non guaranteed even if the total income across the 3 months was the same.