Application → All guides
Expanded higher LTV criteria (95% LTV)
Remortgage & Additional Borrowing
Customer → All guides
Income and employment → All guides
Work done by the piece and paid for at a set rate per unit is acceptable and taken at 100% where;
(Employed) The applicant has a 12 month employment history within the same role. The latest P60, 3 months payslips and bank statements will be required. The lower of the; annual income on the latest P60 OR annualised income from the latest 3 months payslips, should be declared as the annual income.
(Self Employed) The applicant has 2 years trading history. The last 2 years Sa302, TYOs and latest 3 months business bank statements will be required. The lower of the; annual income seen on the latest Sa302 OR annualised income from the latest 3 months business bank statements, should be declared as the annual salary.
Shorter terms of Employment/Self-employment may be reviewed where the individual is a Skilled worker or professional.