We know that income can come in many different forms and we want to provide mortgages based on your individual circumstances.
We accept the following types of income:
Employed income (including fixed-term and zero-hours contractors)
Self-employed income (with a minimum of 2 years of trading experience. We can't consider businesses that are not profitable)
Pension income (including state pension, private pension and SIPP)
Commission / Bonus / Overtime
Investment and Rental income
With all income types, we would need to be able to see evidence of this income.
Depending on your circumstances, we may not be able to take all income into consideration.
Income Boosters:
We accept the same income types for income boosters as we do for other applicants.
Deposit Boosters:
As deposit boosters won't be liable for the mortgage, we won't assess their income in the same way as an income booster or a homeowner. For example, we wouldn't need to see their proof of income documents.