Income type	Acceptable	% Weighting	Restrictions
Additional Duty/Responsibility (Guaranteed)	Yes	100
Adoption Allowance (Guaranteed)	Yes	100
Alphabet shares	Yes	50	We will accept alphabet shares if they have been paid and can evidenced on the borrowers last 2 years Sa302s. The average over the last 2 years should be entered under the ‘Investment Income’ field.
Bank Work	Yes	100	Income for borrowers in bank work can be considered on a case by case basis if they have 12 months continuous employment within a similar role. NHS employees can be considered with a 3 months of bank work history.
Benefit Income	Yes	100	We will not include benefit income where it is the only source of income. Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000) Benefit income must be in the borrower's name.
Bonus	Yes	50	This must be earned in the last 12 months
Bursary	No
Capital Gains	No
Carers Allowance	Yes	100	Must be guaranteed
Cash In Hand	No		Not accepted for employed applicants. Accepted for SE applicants if confirmed that it is included in tax returns
Change of employment type	Yes	100	Recent changes in employment type will be reviewed on a case by case basis. Where a borrower has moved from employed or contract work to self-employment, 1 years trading must have been completed and evidenced via an Sa302. All changes to employment type will only be reviewed where the work remains in a similar role and industry.
Child Benefit	Yes	100	Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)
Child Tax Credits	Yes	100	Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)
CIS Vouchers	Yes	100	CIS workers will be classed as contractors.
Commission	Yes	50	We will not accept commission only income for an employed applicant
Contract Zero Hours	Yes	100	Track record: 12 months continuous employment within that role. The borrower must have a minimum of 3 months remaining on their current contract. Cases with less than 12 months within the role may be considered if the applicant; - has worked in a similar previous employment - is working in a skilled or professional role
Contracts Fixed term	Yes	100	12 months continuous employment within the role. Cases with less than 12 months within the role may be considered if the applicant; - has worked in a similar previous employment - is working in a skilled or professional role
Deferred Shares	No
Disability Living Allowance	Yes	50	Only for the applicant and must be guaranteed. Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)
Employer Housing Allowance	Yes	100	Must be guaranteed
Expenses	No
Family Business	Yes	100	Accountant to verify income or 3 payslips matched to bank statement credits
Foreign Income	No
Foster Income	Yes	100	12 months track record required
Incapacity Benefit	Yes	50	Must be for the applicant and must be guaranteed. Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)
Investment Income	Yes	50	The total balance of the investment divided by the term should be keyed
Limited Company	Yes	100	Where trading for 2 years or more. We may accept Limited Company income where the company has been trading for less than 2 years provided that; the majority of the income of the application is coming from employment or longer trading self employment and a minimum of 1 years accounts can be provided.
Locum doctors	Yes	100	Income as per tax returns
Maintenance Payments	Yes	100	Maintenance Income is allowable (100%) through a signed Maintenance Agreement received under court order OR Child Support Maintenance agreement subject to: ● Confirmation the agreement will be in place for a minimum of 5 years from the start of the mortgage AND ● A satisfactory track record of receipt being provided – 3 months bank statements OR Open Banking.
Mileage Allowance	No
New Role	Yes	100	If the borrower is due to start their new role during the application process, we will need to see a copy of their signed contract, 1st payslip and corresponding bank statement
Overtime	Yes	75	Average of 3 months payslips
Parental Leave	Yes	100	100% of the borrowers returning employed income will be assessed where the applicant is returning within 12 months. We will require evidence of how they are able to cover any period of reduced income (e.g. savings). Refer to the Parental Leave page for full details.
Pension (state & private)	Yes	100	We do not accept drawdown pension or pensions held in trust
Permanent Health Insurance	No
Personal Independence Payments	Yes	50	Must be for the applicant and must be guaranteed. Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)
Piecework	Maybe	100	12 months income history required. Income taken as per latest P60 or Sa302
Probation	Yes	100	No restrictions
Rental Income	Yes	83	The total annual rental income for each property must be entered, along with the annual mortgage costs. Where there are other associated costs relating to the property, such as management fees, these must also be declared or offset against the income.
Seasonal Workers	No
Second Jobs	Yes	100	If contracted and does not have to be in the same line of work, subject to 3 months payslips for both jobs
Shift Allowance	Yes	100	Must be guaranteed
Sole Traders	Yes	100	Where trading for 2 years or more. We may accept Sole trader income where the company has been trading for less than 2 years provided that; the majority of the income of the application is coming from employment or longer trading self employment and a minimum of 1 years self assessment can be provided.
Statutory Sick Pay	No
Stipend	Maybe	100	We will only accept Stipend income where a future contract of employment can be evidenced OR where received longer term as a member of the clergy.
Temporary Workers	Yes	100	12 months continuous employment within the role
Tronc Income	Yes	100	As long as it is put through to HMRC
Trust Income	Yes	100	Only acceptable if this is declared as taxable income
Umbrella Company	Yes	100	Treated as employed where tax is paid by employer, treat as self employed where pay own tax
Universal Credit	Yes	50	Must be for the applicant and must be guaranteed and must not include the housing allowance. Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)
Unsociable Hours	Yes	100	Must be guaranteed
Widows Pension	Yes	100
Working Family Tax Credit	Yes	100	Benefits cannot exceed 50% of total income. (If earned income was £6,000 then we could only accept £6,000 of benefits income, total £12,000)

A - Z of Income types

A - Z of Income types

Untitled