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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Income, Verification - Other Income

Basic Income/ Contract Type Preferred Verification Document Alternative Verification Document
Attendance Allowance Latest Bank Statement Latest Benefit Award Letter
Additional Duty Hours (ADH)* See note Latest 3 months payslips (last 6 where paid fortnightly or last 12 where paid weekly) Employers Reference
Adoption Allowance Latest Bank Statement Latest Benefit Award Letter
Bursary Letter of Confirmation from Payer _
Carers Allowance Latest Bank Statement Latest Award Letter
Constant Attendance Allowance Latest Bank Statement Latest Award Letter
Child Benefit Latest Bank Statement/Benefit award letter dated in the last 12 months _
Child Tax Credit Latest bank statement Latest Award Letter
Disability Living Allowance Latest Bank Statement Latest Award Letter
Employment and Support Allowance Latest Bank Statement Latest Award Letter
Flexible Benefits Latest payslip, (this applies whether the applicant is paid weekly or monthly).* Employers Reference
Flight Pay/Allowance* See note Latest 3 months payslips (last 6 where paid fortnightly or last 12 where paid weekly)  
Foster Care Allowance Latest 2 years Tax Calculations and Latest 2 years Tax Year Overviews For more information follow this link:

https://www.gov.uk/foster-carers/help-with-the-cost-of-fostering

Guardian Allowance Latest Bank Statement Latest Benefit Award Letter
Industrial Injuries Disablement Allowance Latest Bank Statement Latest Award Letter
Maintenance Latest 3 months bank statements Court Order or Maintenance Assessment or letter from Child Maintanance Services (CMS)
Mortgage Subsidy Latest Payslip* Employers reference
Nursing Bank* See note Latest 3 months payslips (last 6 where paid fortnightly or last 12 where paid weekly) Employers reference
Pension - Credit Latest Bank Statement/Pension P60 Latest Pension Statement
Pension - Private    
(including Company/Occupation)
Latest Bank Statement Latest Pension Statement
Pension - State Latest Bank Statement Latest Pension Statement
Pension - War Disablement Latest Bank Statement Latest Pension Statement
Pension - War Widow(er) Latest Bank Statement Latest Pension Statement
Rental Income Property currently let

Either 3 months bank statements, letter/invoice/statement from letting agent or letter from accountant or solicitor.

An Assured Shorthold Tenancy Agreement (AST) is acceptable for properties currently let in England and Wales only. Private Residency Tenancy (PRT) is not acceptable in Scotland.

Intending to let existing property

Letter from letting agent confirming expected rental payment.

_
Shift Allowance* See Note Latest 3 months payslips (last 6 where paid fortnightly or last 12 where paid weekly) Employers reference
Stipend Letter of Confirmation from Payer -
Widowed Parents Allowance 
(including Widow's Pension)
Latest Bank Statement Latest Pension Statement
Working Tax Credits Latest Bank Statement Latest Benefit Award Letter

*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.

 

*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.