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Expanded higher LTV criteria (95% LTV)

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Income and employment → All guides

A - Z of Income types

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Other income types

Parental Leave

Parental Leave

We will accept 100% of the borrowers returning employed income, where the applicant will be returning to work within 12 months of the application being submitted, the customer can evidence how they are able to cover the reduction in income and that they have sufficient resources in place to maintain their financial commitments for the parental leave period.

Self-employed customers will be reviewed on a case by case basis.

A child dependent must be declared, along with any known future additional expenses.

Evidence requirements;

Returning within 3 months

• Letter from the employer confirming the return to work date, the return basis (Part-time/Full time) and the returning income.
• The latest payslip prior to the commencement of parental leave (as per income evidence policy) or an employer’s letter confirming the employment terms of their parental leave.
• The latest payslip showing maternity pay

Return to work within 3 to 6 months

• Letter from the employer confirming the return to work date, the return basis (Part-time/Full time) and the returning income.
• The latest payslip prior to the commencement of parental leave (as per income evidence policy) or an employer’s letter confirming the employment terms of their parental leave.
• The latest payslip showing maternity pay
• Evidence of savings to cover any income shortfall (Savings in addition to any maternity pay will be required to cover all expenses

Return to work within 6 to 12 months

• Letter from the employer confirming the return to work date, the return basis (Part-time/Full time) and the returning income.
• The latest payslip prior to the commencement of parental leave (as per income evidence policy) or an employer’s letter confirming the employment terms of their parental leave.
• The latest payslip showing maternity pay
• Evidence of savings to cover any income shortfall (Savings will be required to cover all expenses where the return date is over 6 months)