We will accept 100% of the borrower’s returning employed income where the applicant will be returning to work within 12 months of the application being submitted.

The customer should 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 taking parental leave will be reviewed on a case-by-case basis.

Child dependents 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 – i.e. part time or 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 parental leave pay

Returning within 3 to 12 months

• Letter from the employer confirming the return to work date, the return basis – i.e. part time or 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 parental leave pay
• Evidence of savings to cover any income shortfall

Savings in addition to any parental leave pay will be required to cover all expenses.