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Application → All guides

A - Z of Application criteria

Deposit sources

Direct Debits

Early repayment charges

Expanded higher LTV criteria (95% LTV)

Interest

Loan to income multiples

Loan purpose

Loan size

Location

Maximum LTV

Mortgage Term

Offer validity

Overpayments

Payment holidays

Porting

Rate switches

Remortgage & Additional Borrowing

Repayment methods

Customer → All guides

Adverse Credit

Age

Applicants

Asylum Seekers

Boosters

Commitments & Expenditure

Customer Verification

Dependants

Expat

First-Time Buyer

Home Movers

Non UK Nationals

Overseas applicants

Owners

Retirement

Students

Vulnerable Customers

Income and employment → All guides

A - Z of Income types

Benefit income

Contract workers

Contract workers

We will take 100% of a contract worker's income subject to them meeting the following requirements:

Fixed Term and Day Rate Contracts

Can be considered where the applicant has 12 months continuous employment within a similar role and industry.

The applicant must have a minimum of 3 months remaining on their current contract at the time of the application being submitted or have a future contract in place.

Applicants with less than 12 months continue employment within a similar role may be considered if working in a skilled or professional role.

Day Rate Contractors income will be calculated as follows;

Annual Income = Day Rate x 5 x 46

Documents we require;

(To verify 12 months continued employment)

Zero Hours Contracts

Can be considered where the applicant has 12 months continuous employment within a similar role and industry and continued employment can be verified.

Documents we require;

(To verify 12 months continued employment)

Construction Industry Scheme (CIS)

Should be entered as fixed term contractors.

Can be considered if the applicant has 12 months continuous employment in the same line of work. This can be from different companies and can be against previous or future guaranteed work.

Documents we require;

(To verify income)

(To verify 12 months continuous employment/income)

Where future employment is being evidenced a contract showing a minimum of 3 months remaining is required.

Calculating Income