Skip to content

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

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

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.  Calculate total income received.

Latest 2 payslips showing the half yearly bonuses are required if paid half yearly. 

Calculate total income received.Latest payslip showing the annual bonus is required where paid annually.

Where bonus income has been entered, the latest bonus payment must have been paid on or after 1 January 2021 to be used for affordability.

Employers Reference

Holiday Pay

Latest 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 (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.

Employers Reference

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 AND screenshot of SEISS grant history (whether claimed or not where eligible to claim), together with PDF of each grant claimed which can be obtained via the following link: https://www.gov.uk/guidance/return-to-your-claim-for-the-self-employment-income-support-scheme

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 AND screenshot of SEISS grant history (whether claimed or not where eligible to claim), together with PDF of each grant claimed which can be obtained via the following link: https://www.gov.uk/guidance/return-to-your-claim-for-the-self-employment-income-support-scheme

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 AND screenshot of SEISS grant history (whether claimed or not where eligible to claim), together with PDF of each grant claimed which can be obtained via the following link: https://www.gov.uk/guidance/return-to-your-claim-for-the-self-employment-income-support-scheme

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

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