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Contract workers
We will take 100% of a contract worker's income subject to them meeting the following requirements:
Fixed Term Contracts
Can be considered if the applicant has 12 months continuous employment within that role and can be with different employers.
The applicant must have a minimum of a month remaining on their contract at the time of the application being submitted.
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
Day Rate Contractors
Can be considered if the applicant has 12 months continuous employment within that role and can be with different employers.
Affordability will be based on earnings of Β£X/day which would mean the customer's total gross annual income will be calculated as:
Annual Income = Day Rate x 5 x 46
Zero Hours Contracts
Can be considered if the applicant has 12 months continuous employment in the same line of work, this can be from two different companies
The applicant must have a minimum of a month remaining on their 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
CIS SubcontractorsΒ
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 two different companies and can be against previous or future guaranteed contracts.
We require;
- 3 months payslips/invoices
- Latest years SA302 & TYO
- Current contract
The applicant must have a minimum of 3 months remaining on their contract.