Skip to content

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Universal Credit calculator

This calculator will give you the Universal Credit figures to key into Mortgage Pro, under “Income – Other Income”. If using the Mortgage Affordability calculator these figures should be keyed under “Other annual income”.

The latest 3 months Universal Credit payment statements are required for this calculation.

A PDF copy of the results will be required as part of the evidence to support your customers application. See Universal Credit for more information.

Entitlements

 

Month 1

Month 2

Month 3

Standard Allowance

£
£
£

Children

£
£
£

Disabled Children

£
£
£

Severely disabled children

£
£
£

Children in childcare

£
£
£

Limited capability for work and work-related activity element

£
£
£

Limited capability for work and started health-related Universal Credit and Employment Support Allowance claim before 3 April 2017

£
£
£

Carer

£
£
£

Total Entitlements

£ 0

£ 0

£ 0

Deductions

Total Deductions

£
£
£

Figures to key in Mortgage Pro

Other Income Type
Applicant 1
Applicant 2
Universal Credit (Child Element / Children in Childcare)
Universal Credit (Disability Element)
Universal Credit (Standard Allowance)

The Universal Credit policy is independent from other income policy, with the full value of all elements keyed.

Please download this page as a PDF and include this with the following evidence:

Income will be assessed once all of the following documents have been provided

  • Latest 3 months Universal Credit Payment Statements (Digital copies are acceptable, and can be downloaded into a PDF format via Universal Credit account)
  • Latest 3 months corresponding Bank Statements showing receipt of Universal Credit payments
  • The completed and saved Universal Credit Calculator PDF results, with matching figures keyed in Mortgage Pro